Clough Global Equity Fund (NYSEAMERICAN:GLQ) Announces Dividend of $0.06

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a dividend on Wednesday, April 17th, investing.com reports. Investors of record on Friday, April 19th will be given a dividend of 0.0603 per share by the investment management company on Tuesday, April 30th. This represents a yield of 11.38%. The ex-dividend date is Thursday, April 18th.

Clough Global Equity Fund has decreased its dividend by an average of 18.4% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Clough Global Equity Fund Stock Performance

GLQ stock traded up $0.02 during midday trading on Wednesday, hitting $6.38. 157,347 shares of the stock traded hands, compared to its average volume of 64,838. Clough Global Equity Fund has a 1-year low of $5.13 and a 1-year high of $6.56.

Insider Activity

In related news, insider Charles Clough, Jr. bought 20,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $6.39 per share, for a total transaction of $127,800.00. Following the completion of the transaction, the insider now directly owns 370,291 shares in the company, valued at $2,366,159.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Trading of Clough Global Equity Fund

Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in Clough Global Equity Fund by 26.2% during the first quarter. NewEdge Advisors LLC now owns 39,002 shares of the investment management company’s stock worth $457,000 after purchasing an additional 8,100 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Clough Global Equity Fund by 44.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 67,025 shares of the investment management company’s stock valued at $436,000 after acquiring an additional 20,700 shares during the last quarter. Woodline Partners LP increased its position in shares of Clough Global Equity Fund by 78.7% during the second quarter. Woodline Partners LP now owns 45,652 shares of the investment management company’s stock valued at $285,000 after acquiring an additional 20,102 shares during the last quarter. UBS Group AG increased its position in shares of Clough Global Equity Fund by 3.8% during the second quarter. UBS Group AG now owns 28,377 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Clough Global Equity Fund by 97.2% during the fourth quarter. Wells Fargo & Company MN now owns 24,263 shares of the investment management company’s stock valued at $158,000 after acquiring an additional 11,957 shares during the last quarter.

About Clough Global Equity Fund

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation.