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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a monthly dividend on Tuesday, July 9th, NASDAQ reports. Investors of record on Friday, July 19th will be paid a dividend of 0.0603 per share by the investment management company on Wednesday, July 31st. This represents a $0.72 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date of this dividend is Friday, July 19th.

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

Clough Global Equity Fund Stock Performance

GLQ traded up $0.11 during trading hours on Wednesday, hitting $7.30. 105,592 shares of the company’s stock were exchanged, 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.

Insiders Place Their Bets

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

About Clough Global Equity Fund

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.