Liberty All-Star Equity Fund (NYSE:USA) Plans Dividend Increase – $0.18 Per Share

Liberty All-Star Equity Fund (NYSE:USAGet Free Report) declared a quarterly dividend on Monday, April 8th, Wall Street Journal reports. Stockholders of record on Friday, April 19th will be given a dividend of 0.18 per share by the closed-end fund on Monday, June 3rd. This represents a $0.72 annualized dividend and a dividend yield of 10.55%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17.

Liberty All-Star Equity Fund has decreased its dividend payment by an average of 1.1% per year over the last three years and has increased its dividend every year for the last 1 years.

Liberty All-Star Equity Fund Trading Down 0.4 %

USA stock opened at $6.83 on Wednesday. The firm has a 50 day moving average price of $6.86 and a 200-day moving average price of $6.44. Liberty All-Star Equity Fund has a 52-week low of $5.62 and a 52-week high of $7.18.

Insider Activity

In other Liberty All-Star Equity Fund news, insider Edmund J. Burke bought 4,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of $7.09 per share, for a total transaction of $28,360.00. Following the completion of the acquisition, the insider now owns 6,500 shares of the company’s stock, valued at $46,085. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

Hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new position in Liberty All-Star Equity Fund in the 2nd quarter worth approximately $80,000. Jane Street Group LLC bought a new stake in Liberty All-Star Equity Fund in the 4th quarter worth approximately $79,000. Silverlake Wealth Management LLC bought a new stake in Liberty All-Star Equity Fund in the 4th quarter worth approximately $79,000. Advisors Capital Management LLC bought a new stake in Liberty All-Star Equity Fund in the 3rd quarter worth approximately $77,000. Finally, WealthPLAN Partners LLC bought a new stake in Liberty All-Star Equity Fund in the 4th quarter worth approximately $68,000. 9.95% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty All-Star Equity Fund

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Liberty All Star Equity Fund is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc The fund is co-managed by Aristotle Capital Management, LLC, Pzena Investment Management, LLC, Delaware Investments Fund Advisers, Sustainable Growth Advisers, LP, and TCW Investment Management Company.

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Dividend History for Liberty All-Star Equity Fund (NYSE:USA)

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