Liberty All-Star Equity Fund (NYSE:USA) Increases Dividend to $0.18 Per Share

Liberty All-Star Equity Fund (NYSE:USA) declared a quarterly dividend on Monday, April 8th, Wall Street Journal reports. Shareholders of record on Friday, April 19th will be paid a dividend of 0.18 per share by the closed-end fund on Monday, June 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 10.55%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change 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% annually over the last three years and has increased its dividend every year for the last 1 years.

Liberty All-Star Equity Fund Stock Performance

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

Insider Buying and Selling at Liberty All-Star Equity Fund

In related news, insider Edmund J. Burke bought 4,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average cost of $7.09 per share, for a total transaction of $28,360.00. Following the acquisition, the insider now owns 6,500 shares of the company’s stock, valued at approximately $46,085. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Comerica Bank boosted its position in Liberty All-Star Equity Fund by 119.4% during the 4th quarter. Comerica Bank now owns 30,038 shares of the closed-end fund’s stock worth $192,000 after acquiring an additional 16,350 shares during the last quarter. Royal Bank of Canada boosted its holdings in Liberty All-Star Equity Fund by 0.3% during the fourth quarter. Royal Bank of Canada now owns 1,676,272 shares of the closed-end fund’s stock worth $10,695,000 after purchasing an additional 4,555 shares during the last quarter. Kestra Advisory Services LLC grew its position in Liberty All-Star Equity Fund by 23.6% in the fourth quarter. Kestra Advisory Services LLC now owns 80,992 shares of the closed-end fund’s stock valued at $518,000 after purchasing an additional 15,451 shares in the last quarter. Creative Planning increased its stake in Liberty All-Star Equity Fund by 34.3% in the 4th quarter. Creative Planning now owns 67,120 shares of the closed-end fund’s stock valued at $428,000 after buying an additional 17,132 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Liberty All-Star Equity Fund during the 4th quarter worth about $159,000. 9.95% of the stock is currently owned by institutional investors.

About Liberty All-Star Equity Fund

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.