Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Monday, June 10th, Wall Street Journal reports. Stockholders of record on Monday, June 17th will be paid a dividend of 0.1126 per share by the investment management company on Monday, June 24th. This represents a $1.35 annualized dividend and a dividend yield of 10.67%. The ex-dividend date is Friday, June 14th.
Clough Global Equity Fund has raised its dividend by an average of 2.4% per year over the last three years.
Shares of GLQ stock opened at $12.66 on Thursday. Clough Global Equity Fund has a 52 week low of $9.81 and a 52 week high of $15.84.
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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.
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