Clough Global Equity Fund (NYSEAMERICAN:GLQ) Plans $0.06 Monthly Dividend

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Tuesday, October 8th, Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.0603 per share by the investment management company on Friday, November 29th. This represents a $0.72 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date is Friday, November 15th.

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

Clough Global Equity Fund Stock Performance

Shares of Clough Global Equity Fund stock traded down $0.02 during trading on Tuesday, reaching $6.94. The company’s stock had a trading volume of 105,880 shares, compared to its average volume of 69,314. Clough Global Equity Fund has a 12-month low of $5.13 and a 12-month high of $7.30.

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.