Clough Global Equity Fund (NYSEAMERICAN:GLQ) Plans Dividend Increase – $0.11 Per Share
Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a monthly dividend on Monday, January 13th, Wall Street Journal reports. Shareholders of record on Tuesday, January 21st will be paid a dividend of 0.1104 per share by the investment management company on Friday, January 31st. This represents a $1.32 dividend on an annualized basis and a yield of 10.65%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from Clough Global Equity Fund’s previous monthly dividend of $0.11.
Clough Global Equity Fund has raised its dividend by an average of 0.3% annually over the last three years and has increased its dividend every year for the last 1 years.
Shares of NYSEAMERICAN GLQ opened at $12.44 on Tuesday. Clough Global Equity Fund has a 52-week low of $11.05 and a 52-week high of $13.70.
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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