Clough Global Equity Fund (NYSEAMERICAN:GLQ) Announces $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 paid a dividend of 0.0603 per share by the investment management company on Tuesday, April 30th. This represents a $0.72 annualized dividend and a dividend yield of 11.40%. The ex-dividend date 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 raised its dividend every year for the last 1 years.

Clough Global Equity Fund Stock Performance

Shares of GLQ stock opened at $6.35 on Wednesday. Clough Global Equity Fund has a 1 year low of $5.13 and a 1 year high of $6.56.

Insider Transactions at Clough Global Equity Fund

In other news, insider Charles Clough, Jr. acquired 20,000 shares of Clough Global Equity Fund stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $6.39 per share, with a total value of $127,800.00. Following the completion of the transaction, the insider now 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 is accessible through this link.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. bought a new stake in shares of Clough Global Equity Fund during the 1st quarter valued at $61,000. Mariner LLC bought a new stake in shares of Clough Global Equity Fund during the 4th quarter valued at $65,000. JPMorgan Chase & Co. increased its position in shares of 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 valued at $94,000 after buying an additional 15,245 shares in the last quarter. UBS Group AG increased its position in shares of 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 valued at $96,000 after buying an additional 1,829 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Clough Global Equity Fund in the 1st quarter valued at $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.