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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a dividend on Wednesday, April 17th, investing.com reports. Shareholders 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 of this dividend 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 Price Performance

Shares of GLQ stock traded up $0.02 during mid-day trading on Wednesday, reaching $6.38. 157,347 shares of the company’s stock traded hands, compared to its average volume of 64,838. Clough Global Equity Fund has a 12 month low of $5.13 and a 12 month high of $6.56.

Insider Activity

In other Clough Global Equity Fund news, insider Charles Clough, Jr. acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average price of $6.42 per share, with a total value of $128,400.00. Following the transaction, the insider now directly owns 390,291 shares in the company, valued at approximately $2,505,668.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Clough Global Equity Fund

A number of hedge funds have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of Clough Global Equity Fund by 3.8% during the 2nd quarter. UBS Group AG now owns 28,377 shares of the investment management company’s stock valued at $259,000 after buying an additional 1,043 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Clough Global Equity Fund by 9.0% during the 2nd quarter. NewEdge Advisors LLC now owns 42,502 shares of the investment management company’s stock valued at $388,000 after buying an additional 3,500 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Clough Global Equity Fund by 0.6% during the 1st quarter. Bank of America Corp DE now owns 778,455 shares of the investment management company’s stock valued at $9,123,000 after buying an additional 4,792 shares in the last quarter. Mariner LLC purchased a new stake in Clough Global Equity Fund in the 4th quarter worth $65,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Clough Global Equity Fund in the 1st quarter worth $61,000.

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.