Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Tuesday, January 14th, Wall Street Journal reports. Investors of record on Friday, March 20th will be given a dividend of 0.1104 per share by the investment management company on Tuesday, March 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.55%. The ex-dividend date of this dividend is Thursday, March 19th.
Clough Global Equity Fund has raised its dividend payment by an average of 0.3% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of GLQ traded up $0.12 on Tuesday, reaching $12.56. The company’s stock had a trading volume of 8,194 shares, compared to its average volume of 78,063. Clough Global Equity Fund has a twelve month low of $11.05 and a twelve month high of $13.70.
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.
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