Liberty All-Star Equity Fund (NYSE:USA) to Issue Dividend Increase – $0.17 Per Share

Liberty All-Star Equity Fund (NYSE:USA) announced a quarterly dividend on Monday, July 6th. Investors of record on Thursday, July 16th will be given a dividend of 0.17 per share by the closed-end fund on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Thursday, July 16th. This is a 13.3% increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.15.

Liberty All-Star Equity Fund Price Performance

USA traded down $0.01 on Tuesday, reaching $5.87. The stock had a trading volume of 494,867 shares, compared to its average volume of 1,233,325. Liberty All-Star Equity Fund has a fifty-two week low of $5.40 and a fifty-two week high of $6.94. The firm has a 50-day moving average of $5.78 and a 200-day moving average of $5.91.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in USA. Onyx Bridge Wealth Group LLC grew its holdings in Liberty All-Star Equity Fund by 6.9% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 30,949 shares of the closed-end fund’s stock worth $172,000 after acquiring an additional 1,997 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Liberty All-Star Equity Fund by 20.0% during the second quarter. EverSource Wealth Advisors LLC now owns 12,000 shares of the closed-end fund’s stock worth $82,000 after purchasing an additional 2,000 shares during the period. World Investment Advisors grew its stake in shares of Liberty All-Star Equity Fund by 19.5% in the fourth quarter. World Investment Advisors now owns 14,570 shares of the closed-end fund’s stock worth $91,000 after purchasing an additional 2,375 shares during the last quarter. Three Magnolias Financial Advisors LLC grew its stake in shares of Liberty All-Star Equity Fund by 25.0% in the first quarter. Three Magnolias Financial Advisors LLC now owns 12,500 shares of the closed-end fund’s stock worth $69,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in Liberty All-Star Equity Fund by 27.0% in the fourth quarter. Merit Financial Group LLC now owns 12,713 shares of the closed-end fund’s stock valued at $80,000 after purchasing an additional 2,701 shares during the period. Institutional investors own 9.95% of the company’s stock.

About Liberty All-Star Equity Fund

Liberty All-Star Equity Fund (NYSE: USA) is a closed-end management investment company that seeks long-term capital appreciation through an actively managed portfolio of equity securities. Listed on the New York Stock Exchange since its inception, the fund offers investors access to both U.S. and international markets within a single vehicle. It is designed to appeal to those seeking a diversified equity strategy combined with the liquidity of an exchange-traded security.

The fund’s investment approach centers on a diversified mix of common stocks and American Depositary Receipts (ADRs), spanning large-cap, mid-cap and small-cap issuers.