Clough Global Equity Fund (GLQ) To Go Ex-Dividend on February 17th

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a monthly dividend on Tuesday, January 11th, Wall Street Journal reports. Stockholders of record on Friday, February 18th will be paid a dividend of 0.1162 per share by the investment management company on Monday, February 28th. This represents a $1.39 annualized dividend and a dividend yield of 10.41%. The ex-dividend date of this dividend is Thursday, February 17th.

Clough Global Equity Fund has increased its dividend payment by 8.5% over the last three years and has raised its dividend every year for the last 2 years.

Shares of GLQ opened at $13.40 on Thursday. Clough Global Equity Fund has a 52 week low of $12.66 and a 52 week high of $16.31.

A number of large investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its stake in Clough Global Equity Fund by 12.6% during the 3rd quarter. UBS Group AG now owns 31,897 shares of the investment management company’s stock valued at $467,000 after acquiring an additional 3,563 shares in the last quarter. Morgan Stanley raised its stake in Clough Global Equity Fund by 104.8% during the 3rd quarter. Morgan Stanley now owns 249,927 shares of the investment management company’s stock valued at $3,659,000 after acquiring an additional 127,900 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Clough Global Equity Fund by 110.6% during the 3rd quarter. Invesco Ltd. now owns 45,342 shares of the investment management company’s stock valued at $664,000 after acquiring an additional 23,815 shares in 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.

Recommended Story: What is a dividend reinvestment plan?

Dividend History for Clough Global Equity Fund (NYSEAMERICAN:GLQ)

Receive News & Ratings for Clough Global Equity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clough Global Equity Fund and related companies with MarketBeat.com's FREE daily email newsletter.