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 payment by an average of 18.4% annually over the last three years and has increased its dividend every year for the last 1 years.

Clough Global Equity Fund Stock Performance

Shares of Clough Global Equity Fund stock traded up $0.02 during midday 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 52 week low of $5.13 and a 52 week high of $6.56.

Insider Activity

In other Clough Global Equity Fund news, insider Charles Clough, Jr. purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of $6.42 per share, for a total transaction of $128,400.00. Following the acquisition, the insider now owns 390,291 shares of the company’s stock, valued at $2,505,668.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. acquired a new position in Clough Global Equity Fund in the 1st quarter valued at $61,000. Mariner LLC acquired a new stake in Clough Global Equity Fund in the 4th quarter worth $65,000. JPMorgan Chase & Co. grew its position in Clough Global Equity Fund by 6,025.7% in the 1st quarter. JPMorgan Chase & Co. now owns 15,498 shares of the investment management company’s stock worth $94,000 after purchasing an additional 15,245 shares during the last quarter. UBS Group AG grew its position in Clough Global Equity Fund by 13.1% in the 1st quarter. UBS Group AG now owns 15,804 shares of the investment management company’s stock worth $96,000 after purchasing an additional 1,829 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in Clough Global Equity Fund in the 1st quarter worth $130,000.

Clough Global Equity Fund Company Profile

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.