Clough Global Equity Fund declares $0.1162 dividend

• Clough Global Equity Fund (NYSE:GLQ) declares $0.1162/share monthly dividend, in line with previous.
• Forward yield 15.19%
• Payable July 29; for shareholders of record July 19; ex-div July 18.
• Payable Aug. 31; for shareholders of record Aug. 19; ex-div Aug. 18.
• Payable Sept. 30; for shareholders of record Sept. 20; ex-div Sept. 19.
• See GLQ Dividend Scorecard, Yield Chart, & Dividend Growth.

Comments

[mistydoc]

NAV down about 29% ytd. Hopefully climbing back this summer and fall, otherwise a major haircut starting in January with this managed distribution. Hesitant to buy more at its depressed, oversold price.

[clovett01]

How can they keep the yield this high with NAV eroding? Are they simply using the Treasury securities they own in their portfolio as the cash needed to fund the the distribution?

[mistydoc]

@clovett01 Could be the case; they have a lot.

[cjk420]

Way oversold.