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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a dividend on Wednesday, April 17th, investing.com reports. Shareholders of record on Friday, April 19th will be given a dividend of 0.0603 per share by the investment management company on Tuesday, April 30th. This represents a dividend 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 every year for the last 1 years.

Clough Global Equity Fund Trading Up 0.3 %

Shares of GLQ traded up $0.02 during mid-day trading on Wednesday, reaching $6.38. The stock had a trading volume of 157,347 shares, compared to its average volume of 64,838. Clough Global Equity Fund has a 12 month low of $5.13 and a 12 month high of $6.56.

Insiders Place Their Bets

In other news, insider Charles Clough, Jr. purchased 20,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was acquired at an average cost of $6.42 per share, for a total transaction of $128,400.00. Following the completion of the transaction, the insider now directly owns 390,291 shares in the company, valued at approximately $2,505,668.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Clough Global Equity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of GLQ. Bank of America Corp DE boosted its position in shares of Clough Global Equity Fund by 10.9% during the first quarter. Bank of America Corp DE now owns 612,339 shares of the investment management company’s stock worth $3,711,000 after acquiring an additional 60,276 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in Clough Global Equity Fund by 151.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 46,325 shares of the investment management company’s stock valued at $319,000 after purchasing an additional 27,900 shares in the last quarter. Rivernorth Capital Management LLC raised its stake in Clough Global Equity Fund by 9.7% during the second quarter. Rivernorth Capital Management LLC now owns 288,581 shares of the investment management company’s stock valued at $1,801,000 after purchasing an additional 25,441 shares in the last quarter. Morgan Stanley raised its stake in Clough Global Equity Fund by 1.2% during the fourth quarter. Morgan Stanley now owns 1,980,412 shares of the investment management company’s stock valued at $12,892,000 after purchasing an additional 23,424 shares in the last quarter. Finally, Woodline Partners LP raised its stake in Clough Global Equity Fund by 78.7% during the second quarter. Woodline Partners LP now owns 45,652 shares of the investment management company’s stock valued at $285,000 after purchasing an additional 20,102 shares in the last 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.