Liberty All-Star Growth Fund, Inc. (ASG) To Go Ex-Dividend on April 18th

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) declared a quarterly dividend on Monday, April 8th, Wall Street Journal reports. Investors of record on Friday, April 19th will be paid a dividend of 0.12 per share by the investment management company on Monday, June 3rd. This represents a $0.48 annualized dividend and a yield of 9.20%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11.

Liberty All-Star Growth Fund has decreased its dividend by an average of 5.5% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Liberty All-Star Growth Fund Trading Down 1.8 %

ASG opened at $5.22 on Tuesday. The firm’s fifty day moving average is $5.41 and its two-hundred day moving average is $5.16. Liberty All-Star Growth Fund has a twelve month low of $4.47 and a twelve month high of $5.71.

Institutional Investors Weigh In On Liberty All-Star Growth Fund

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in Liberty All-Star Growth Fund by 7.9% in the second quarter. Wells Fargo & Company MN now owns 1,798,499 shares of the investment management company’s stock worth $10,485,000 after purchasing an additional 131,412 shares during the period. LPL Financial LLC raised its holdings in Liberty All-Star Growth Fund by 23.3% in the third quarter. LPL Financial LLC now owns 558,888 shares of the investment management company’s stock worth $2,761,000 after purchasing an additional 105,527 shares during the period. Stifel Financial Corp raised its holdings in Liberty All-Star Growth Fund by 2.5% in the first quarter. Stifel Financial Corp now owns 337,544 shares of the investment management company’s stock worth $1,782,000 after purchasing an additional 8,160 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Liberty All-Star Growth Fund by 1.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 213,025 shares of the investment management company’s stock worth $1,606,000 after purchasing an additional 3,353 shares during the period. Finally, Invesco Ltd. raised its holdings in Liberty All-Star Growth Fund by 5.1% in the first quarter. Invesco Ltd. now owns 181,110 shares of the investment management company’s stock worth $1,366,000 after purchasing an additional 8,866 shares during the period. 21.62% of the stock is currently owned by institutional investors and hedge funds.

Liberty All-Star Growth Fund Company Profile

Liberty All-Star Growth Fund, Inc is a closed-ended equity mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Weatherbie Capital, LLC, Congress Asset Management Company, and Sustainable Growth Advisers, LP. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.