Clough Global Equity Fund (NYSEAMERICAN:GLQ) Declares $0.12 Monthly Dividend

Clough Global Equity Fund (NYSEAMERICAN:GLQGet Rating) declared a monthly dividend on Monday, April 11th, Wall Street Journal reports. Shareholders of record on Tuesday, April 19th will be given a dividend of 0.1162 per share by the investment management company on Friday, April 29th. This represents a $1.39 dividend on an annualized basis and a yield of 12.68%. The ex-dividend date of this dividend is Monday, April 18th.

Shares of GLQ traded down $0.25 during trading hours on Monday, hitting $11.00. 113,453 shares of the stock traded hands, compared to its average volume of 119,831. Clough Global Equity Fund has a 1-year low of $10.52 and a 1-year high of $16.03.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc lifted its holdings in Clough Global Equity Fund by 850.0% during the 4th quarter. NEXT Financial Group Inc now owns 1,900 shares of the investment management company’s stock worth $25,000 after buying an additional 1,700 shares during the period. Virtu Financial LLC raised its stake in Clough Global Equity Fund by 33.8% during the 4th quarter. Virtu Financial LLC now owns 21,453 shares of the investment management company’s stock worth $282,000 after buying an additional 5,414 shares during the period. Invesco Ltd. raised its stake in Clough Global Equity Fund by 3.1% during the 2nd quarter. Invesco Ltd. now owns 21,527 shares of the investment management company’s stock worth $318,000 after buying an additional 645 shares during the period. NewEdge Advisors LLC raised its stake in shares of Clough Global Equity Fund by 136.2% in the fourth quarter. NewEdge Advisors LLC now owns 30,902 shares of the investment management company’s stock worth $406,000 after purchasing an additional 17,818 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Clough Global Equity Fund in the fourth quarter worth approximately $414,000.

About Clough Global Equity Fund (Get Rating)

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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