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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Thursday, July 11th, Wall Street Journal reports. Shareholders of record on Tuesday, September 17th will be given a dividend of 0.0603 per share by the investment management company on Monday, September 30th. This represents a $0.72 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date is Tuesday, September 17th.

Clough Global Equity Fund has decreased its dividend payment by an average of 18.4% annually over the last three years.

Clough Global Equity Fund Stock Down 0.8 %

NYSEAMERICAN GLQ traded down $0.06 on Thursday, hitting $7.23. The stock had a trading volume of 90,818 shares, compared to its average volume of 65,739. Clough Global Equity Fund has a 52-week low of $5.13 and a 52-week high of $7.30.

Insider Buying and Selling

In other Clough Global Equity Fund news, insider Charles Clough, Jr. acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average cost of $6.36 per share, with a total value of $318,000.00. Following the acquisition, the insider now directly owns 440,291 shares of the company’s stock, valued at $2,800,250.76. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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.