Liberty All-Star Equity Fund (USA) Raises Dividend to $0.17 Per Share
Liberty All-Star Equity Fund (NYSE:USA) declared a quarterly dividend on Tuesday, November 7th, Wall Street Journal reports. Investors of record on Friday, November 17th will be paid a dividend of 0.17 per share by the closed-end fund on Tuesday, January 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date is Thursday, November 16th. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.13.
Liberty All-Star Equity Fund has increased its dividend payment by an average of 14.1% annually over the last three years.
Shares of Liberty All-Star Equity Fund (NYSE USA) remained flat at $$6.19 during midday trading on Tuesday. 843,985 shares of the company’s stock traded hands, compared to its average volume of 919,866. Liberty All-Star Equity Fund has a 52-week low of $4.81 and a 52-week high of $6.22.
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About Liberty All-Star Equity Fund
Liberty All-Star Equity Fund is a diversified, closed-end management investment fund. The Fund seeks total investment return comprising long-term capital appreciation and current income through investing primarily in a diversified portfolio of equity securities. It allocates its portfolio assets on an approximately equal basis among several independent investment management organizations having various investment styles recommended and monitored by its investment advisor.
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