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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a dividend on Thursday, July 18th, investing.com reports. Shareholders 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 10.29%. The ex-dividend date is Friday, July 19th.

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

Clough Global Equity Fund Trading Down 1.8 %

Clough Global Equity Fund stock traded down $0.13 during midday trading on Thursday, reaching $6.90. The company’s stock had a trading volume of 54,585 shares, compared to its average volume of 65,867. Clough Global Equity Fund has a 52 week low of $5.13 and a 52 week high of $7.30.

Insider Buying and Selling at Clough Global Equity Fund

In other Clough Global Equity Fund news, insider Charles Clough, Jr. bought 50,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 440,291 shares in the company, valued at approximately $2,800,250.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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.