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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a dividend on Wednesday, April 17th, investing.com reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.0603 per share by the investment management company on Tuesday, April 30th. This represents a yield of 11.38%. The ex-dividend date is Thursday, April 18th.

Clough Global Equity Fund has decreased its dividend payment by an average of 18.4% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Clough Global Equity Fund Price Performance

Clough Global Equity Fund stock traded up $0.02 on Wednesday, hitting $6.38. The company’s stock had a trading volume of 157,347 shares, compared to its average volume of 64,838. Clough Global Equity Fund has a one year low of $5.13 and a one year high of $6.56.

Insider Buying and Selling at Clough Global Equity Fund

In other Clough Global Equity Fund news, insider Charles Clough, Jr. purchased 20,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were purchased at an average price of $6.42 per share, with a total value of $128,400.00. Following the acquisition, the insider now directly owns 390,291 shares of the company’s stock, valued at approximately $2,505,668.22. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Institutional Investors Weigh In On Clough Global Equity Fund

Several large investors have recently made changes to their positions in GLQ. Bank of America Corp DE grew its holdings in shares of Clough Global Equity Fund by 10.9% in the 1st quarter. Bank of America Corp DE now owns 612,339 shares of the investment management company’s stock worth $3,711,000 after purchasing an additional 60,276 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Clough Global Equity Fund by 151.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 46,325 shares of the investment management company’s stock worth $319,000 after purchasing an additional 27,900 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in shares of Clough Global Equity Fund by 9.7% in the 2nd quarter. Rivernorth Capital Management LLC now owns 288,581 shares of the investment management company’s stock worth $1,801,000 after purchasing an additional 25,441 shares during the last quarter. Morgan Stanley grew its holdings in shares of Clough Global Equity Fund by 1.2% in the 4th quarter. Morgan Stanley now owns 1,980,412 shares of the investment management company’s stock worth $12,892,000 after purchasing an additional 23,424 shares during the last quarter. Finally, Woodline Partners LP grew its holdings in shares of Clough Global Equity Fund by 78.7% in the 2nd quarter. Woodline Partners LP now owns 45,652 shares of the investment management company’s stock worth $285,000 after purchasing an additional 20,102 shares during the last quarter.

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.