Clough Global Equity Fund (NYSEAMERICAN:GLQ) to Issue $0.07 Dividend

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a dividend on Friday, May 16th, investing.com reports. Stockholders of record on Tuesday, May 20th will be given a dividend of 0.065 per share by the investment management company on Friday, May 30th. This represents a dividend yield of 11.61%. The ex-dividend date is Monday, May 19th.

Clough Global Equity Fund has decreased its dividend payment by an average of 21.0% per year over the last three years.

Clough Global Equity Fund Stock Performance

Shares of GLQ opened at $6.72 on Friday. The business has a fifty day moving average of $6.23 and a 200 day moving average of $6.54. Clough Global Equity Fund has a 52-week low of $5.33 and a 52-week high of $7.30.

Institutional Trading of Clough Global Equity Fund

A hedge fund recently raised its stake in Clough Global Equity Fund stock. Royal Bank of Canada lifted its stake in Clough Global Equity Fund (NYSEAMERICAN:GLQ) by 74.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,734 shares of the investment management company’s stock after purchasing an additional 125,252 shares during the period. Royal Bank of Canada’s holdings in Clough Global Equity Fund were worth $1,848,000 at the end of the most recent quarter.

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.