Clough Global Equity Fund (NYSEAMERICAN:GLQ) to Issue Monthly Dividend of $0.06

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a monthly dividend on Friday, April 5th, Wall Street Journal reports. Stockholders of record on Monday, June 17th will be given a dividend of 0.0603 per share by the investment management company on Friday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.63%. The ex-dividend date of this dividend is Monday, June 17th.

Clough Global Equity Fund has decreased its dividend by an average of 18.4% annually over the last three years.

Clough Global Equity Fund Price Performance

NYSEAMERICAN GLQ opened at $6.81 on Friday. Clough Global Equity Fund has a one year low of $5.13 and a one year high of $6.84.

Insider Activity

In other news, insider Charles Clough, Jr. bought 20,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average cost of $6.42 per share, for a total transaction of $128,400.00. Following the transaction, the insider now owns 390,291 shares of the company’s stock, valued at $2,505,668.22. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Charles Clough, Jr. purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was bought 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 $2,505,668.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles Clough, Jr. purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average price of $6.36 per share, with a total value of $318,000.00. Following the completion of the transaction, the insider now owns 440,291 shares of the company’s stock, valued at $2,800,250.76. The disclosure for this purchase can be found here.

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.