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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a monthly dividend on Tuesday, July 8th, Wall Street Journal reports. Shareholders of record on Wednesday, September 17th will be given a dividend of 0.065 per share by the investment management company on Tuesday, September 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date is Wednesday, September 17th.

Clough Global Equity Fund Stock Up 0.1%

Clough Global Equity Fund stock opened at $7.10 on Wednesday. Clough Global Equity Fund has a 1-year low of $5.33 and a 1-year high of $7.30. The firm’s fifty day moving average price is $6.79 and its two-hundred day moving average price is $6.60.

Institutional Trading of Clough Global Equity Fund

An institutional investor recently raised its position in Clough Global Equity Fund stock. Royal Bank of Canada grew its holdings in shares of Clough Global Equity Fund (NYSEAMERICAN:GLQ) by 74.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 293,734 shares of the investment management company’s stock after purchasing an additional 125,252 shares during the quarter. Royal Bank of Canada’s holdings in Clough Global Equity Fund were worth $1,848,000 at the end of the most recent reporting period.

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.