Clough Global Equity Fund (NYSEAMERICAN:GLQ) to Issue $0.07 Monthly Dividend

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Thursday, January 8th. Stockholders of record on Wednesday, February 18th will be paid a dividend of 0.0729 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, February 18th.

Clough Global Equity Fund Stock Up 0.1%

Clough Global Equity Fund stock opened at $7.89 on Friday. The company has a fifty day simple moving average of $7.70 and a 200-day simple moving average of $7.50. Clough Global Equity Fund has a 12-month low of $5.33 and a 12-month high of $7.99.

Institutional Investors Weigh In On Clough Global Equity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alpine Global Management LLC purchased a new position in Clough Global Equity Fund in the third quarter valued at approximately $1,550,000. Verition Fund Management LLC lifted its position in shares of Clough Global Equity Fund by 70.6% during the 3rd quarter. Verition Fund Management LLC now owns 483,270 shares of the investment management company’s stock worth $3,678,000 after buying an additional 200,045 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Clough Global Equity Fund by 54.5% in the 3rd quarter. Citadel Advisors LLC now owns 30,420 shares of the investment management company’s stock valued at $231,000 after buying an additional 10,734 shares in the last quarter. Almitas Capital LLC grew its position in shares of Clough Global Equity Fund by 47.5% in the 3rd quarter. Almitas Capital LLC now owns 114,007 shares of the investment management company’s stock valued at $868,000 after buying an additional 36,704 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Clough Global Equity Fund by 2.5% in the 3rd quarter. Raymond James Financial Inc. now owns 73,317 shares of the investment management company’s stock valued at $558,000 after buying an additional 1,784 shares during the last quarter.

About Clough Global Equity Fund

Clough Global Equity Fund (NYSE American: GLQ) is a closed-end management investment company that seeks long-term capital appreciation through a diversified portfolio of global equity securities. The fund’s primary objective is to invest in a concentrated selection of companies across both developed and emerging markets, providing U.S. investors with access to international growth opportunities alongside domestic equities. Its shares trade on the NYSE American exchange, offering investors liquidity and the potential benefits of a closed-end structure.

The fund adopts a bottom-up, fundamental research approach to identify high-quality companies trading at attractive valuations.