Clough Global Equity Fund (GLQ) to Issue Dividend of $0.06 on April 30th

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a dividend on Wednesday, April 17th, investing.com reports. Shareholders 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 yield of 11.38%. The ex-dividend date 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 every year for the last 1 years.

Clough Global Equity Fund Stock Performance

GLQ traded up $0.02 during trading on Wednesday, hitting $6.38. 157,347 shares of the stock traded hands, compared to its average volume of 64,838. Clough Global Equity Fund has a twelve month low of $5.13 and a twelve month high of $6.56.

Insider Buying and Selling at Clough Global Equity Fund

In related news, insider Charles Clough, Jr. bought 20,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were purchased at an average price of $6.42 per share, with a total value of $128,400.00. Following the completion of the purchase, the insider now owns 390,291 shares in the company, valued at approximately $2,505,668.22. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Trading of Clough Global Equity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley lifted its holdings in Clough Global Equity Fund by 1.2% in the fourth quarter. Morgan Stanley now owns 1,980,412 shares of the investment management company’s stock valued at $12,892,000 after buying an additional 23,424 shares during the period. Bank of America Corp DE lifted its holdings in Clough Global Equity Fund by 0.6% in the first 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 during the period. Rivernorth Capital Management LLC lifted its holdings in Clough Global Equity Fund by 9.7% in the second quarter. Rivernorth Capital Management LLC now owns 288,581 shares of the investment management company’s stock valued at $1,801,000 after buying an additional 25,441 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Clough Global Equity Fund by 44.7% in 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 buying an additional 20,700 shares during the period. Finally, Woodline Partners LP lifted its holdings in Clough Global Equity Fund by 78.7% in the second quarter. Woodline Partners LP now owns 45,652 shares of the investment management company’s stock valued at $285,000 after buying an additional 20,102 shares during the period.

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.