Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Monday, February 11th, Wall Street Journal reports. Investors of record on Tuesday, February 19th will be given a dividend of 0.1055 per share by the investment management company on Thursday, February 28th. This represents a $1.27 annualized dividend and a yield of 10.33%. The ex-dividend date is Friday, February 15th. This is a positive change from Clough Global Equity Fund’s previous monthly dividend of $0.10.
Clough Global Equity Fund has raised its dividend by an average of 2.4% per year over the last three years.
GLQ stock opened at $12.26 on Tuesday. Clough Global Equity Fund has a fifty-two week low of $9.81 and a fifty-two week high of $15.84.
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.
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