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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Friday, April 5th, NASDAQ 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 $0.72 dividend on an annualized basis and a dividend yield of 11.41%. 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% annually over the last three years and has increased its dividend every year for the last 1 years.

Clough Global Equity Fund Stock Down 1.4 %

GLQ opened at $6.34 on Tuesday. Clough Global Equity Fund has a fifty-two week low of $5.13 and a fifty-two week high of $6.56.

Insider Buying and Selling at Clough Global Equity Fund

In other news, insider Charles Clough, Jr. purchased 20,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $6.39 per share, with a total value of $127,800.00. Following the acquisition, the insider now directly owns 370,291 shares in the company, valued at $2,366,159.49. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Clough Global Equity Fund

Several hedge funds have recently bought and sold shares of GLQ. NewEdge Advisors LLC lifted its stake in shares of Clough Global Equity Fund by 26.2% in the first quarter. NewEdge Advisors LLC now owns 39,002 shares of the investment management company’s stock worth $457,000 after buying an additional 8,100 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings 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 purchasing an additional 20,700 shares during the last quarter. Woodline Partners LP raised its holdings 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 purchasing an additional 20,102 shares during the last quarter. UBS Group AG raised its holdings 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 purchasing an additional 1,043 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings 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 purchasing an additional 11,957 shares during the last quarter.

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.