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

Clough Global Equity Fund (NYSEAMERICAN:GLQGet Rating) announced a monthly dividend on Monday, April 11th, Wall Street Journal reports. Investors of record on Friday, May 20th will be given a dividend of 0.1162 per share by the investment management company on Tuesday, May 31st. This represents a $1.39 annualized dividend and a dividend yield of 12.68%. The ex-dividend date is Thursday, May 19th.

Shares of GLQ stock traded down $0.25 during mid-day trading on Monday, hitting $11.00. The company’s stock had a trading volume of 113,453 shares, compared to its average volume of 119,831. Clough Global Equity Fund has a 52-week low of $10.52 and a 52-week high of $16.03.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of Clough Global Equity Fund by 3.1% in the second 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. NEXT Financial Group Inc grew its stake in Clough Global Equity Fund by 850.0% in the fourth quarter. NEXT Financial Group Inc now owns 1,900 shares of the investment management company’s stock worth $25,000 after purchasing an additional 1,700 shares in the last quarter. UBS Group AG grew its stake in Clough Global Equity Fund by 12.6% in the third quarter. UBS Group AG now owns 31,897 shares of the investment management company’s stock worth $467,000 after purchasing an additional 3,563 shares in the last quarter. Virtu Financial LLC grew its stake in Clough Global Equity Fund by 33.8% in the fourth quarter. Virtu Financial LLC now owns 21,453 shares of the investment management company’s stock worth $282,000 after purchasing an additional 5,414 shares in the last quarter. Finally, Morgan Stanley grew its stake in Clough Global Equity Fund by 13.4% in the second quarter. Morgan Stanley now owns 122,027 shares of the investment management company’s stock worth $1,801,000 after purchasing an additional 14,441 shares in the last quarter.

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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