Liberty All-Star Equity Fund (NYSE:USA) fell 0.1% during mid-day trading on Friday . The company traded as low as $6.25 and last traded at $6.27. 198,918 shares were traded during trading, a decline of 65% from the average session volume of 568,370 shares. The stock had previously closed at $6.28.
The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, April 26th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $0.68 annualized dividend and a dividend yield of 10.83%. This is an increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15.
In other news, insider John J. Neuhauser bought 10,000 shares of Liberty All-Star Equity Fund stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of $6.22 per share, with a total value of $62,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 11,700 shares of company stock worth $72,984. Insiders own 0.06% of the company’s stock.
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About Liberty All-Star Equity Fund (NYSE:USA)
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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