Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Tuesday, January 12th, Wall Street Journal reports. Stockholders of record on Thursday, February 18th will be given a dividend of 0.1341 per share by the investment management company on Friday, February 26th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 11.03%. The ex-dividend date is Wednesday, February 17th.
Shares of Clough Global Equity Fund stock opened at $14.59 on Wednesday. Clough Global Equity Fund has a twelve month low of $5.87 and a twelve month high of $14.75.
In other Clough Global Equity Fund news, insider Charles Clough, Jr. acquired 86,000 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was acquired at an average price of $11.63 per share, for a total transaction of $1,000,180.00.
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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