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

Clough Global Equity Fund (NYSEAMERICAN:GLQGet Free Report) announced a monthly dividend on Tuesday, July 9th, NASDAQ reports. Stockholders of record on Friday, July 19th will be given a dividend of 0.0603 per share by the investment management company on Wednesday, July 31st. This represents a $0.72 annualized dividend and a dividend yield of 9.92%. The ex-dividend date is Friday, July 19th.

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

Clough Global Equity Fund Price Performance

Shares of GLQ traded up $0.11 during mid-day trading on Wednesday, hitting $7.30. The company had a trading volume of 105,592 shares, compared to its average volume of 65,556. Clough Global Equity Fund has a 1-year low of $5.13 and a 1-year high of $7.30.

Insider Buying and Selling at Clough Global Equity Fund

In other news, insider Charles Clough, Jr. bought 50,000 shares of Clough Global Equity Fund stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $6.36 per share, for a total transaction of $318,000.00. Following the completion of the acquisition, the insider now owns 440,291 shares of the company’s stock, valued at $2,800,250.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Clough Global Equity Fund Company Profile

(Get Free Report)

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.

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Dividend History for Clough Global Equity Fund (NYSEAMERICAN:GLQ)

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