Clough Global Equity Fund (GLQ) to Issue Dividend of $0.06 on July 31st

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a dividend on Wednesday, July 17th, investing.com reports. Investors of record on Monday, July 22nd will be given a dividend of 0.0603 per share by the investment management company on Wednesday, July 31st. This represents a yield of 10.09%. 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 Down 2.0 %

NYSEAMERICAN:GLQ traded down $0.14 during trading hours on Wednesday, hitting $7.03. The stock had a trading volume of 59,331 shares, compared to its average volume of 65,950. Clough Global Equity Fund has a one year low of $5.13 and a one year high of $7.30.

Insider Activity

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

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.