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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Wednesday, July 10th, Wall Street Journal reports. Investors of record on Friday, August 16th will be paid a dividend of 0.0603 per share by the investment management company on Friday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.81%. The ex-dividend date is Friday, August 16th.

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

Clough Global Equity Fund Trading Up 0.8 %

Shares of Clough Global Equity Fund stock opened at $6.70 on Wednesday. Clough Global Equity Fund has a 1-year low of $5.13 and a 1-year 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.