Clough Global Equity Fund (NYSEAMERICAN:GLQ) Announces Monthly Dividend of $0.07

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Investors of record on Tuesday, June 17th will be given a dividend of 0.065 per share by the investment management company on Monday, June 30th. This represents a $0.78 dividend on an annualized basis and a yield of 13.95%. The ex-dividend date is Tuesday, June 17th.

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

Clough Global Equity Fund Trading Up 0.5 %

GLQ stock traded up $0.03 during trading on Tuesday, hitting $5.59. The stock had a trading volume of 72,551 shares, compared to its average volume of 74,547. Clough Global Equity Fund has a 1-year low of $5.33 and a 1-year high of $7.30. The company has a 50 day moving average price of $6.59.

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.