Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be paid a dividend of 0.047 per share by the exchange traded fund on Tuesday, October 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.02%. The ex-dividend date is Thursday, October 12th.

Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) opened at 6.25 on Wednesday. The company’s 50-day moving average price is $6.15 and its 200 day moving average price is $6.22. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a 52-week low of $5.25 and a 52-week high of $6.49.

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In related news, major shareholder Saba Capital Management, L.P. sold 20,597 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $6.34, for a total transaction of $130,584.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Advent Capital Management /De/ sold 75,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $6.10, for a total transaction of $457,500.00. Following the sale, the insider now owns 504,000 shares in the company, valued at $3,074,400. The disclosure for this sale can be found here. Insiders sold 1,382,672 shares of company stock valued at $8,537,086 over the last 90 days.

Dividend History for Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC)

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