Liberty All-Star Growth Fund, Inc. (NYSE:ASG) to Issue Dividend Increase – $0.12 Per Share

Liberty All-Star Growth Fund, Inc. (NYSE:ASG) 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 0.12 per share by the investment management company on Monday, June 3rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date is Thursday, April 18th. This is an increase from Liberty All-Star Growth Fund’s previous quarterly dividend of $0.11.

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

Liberty All-Star Growth Fund Price Performance

Shares of NYSE ASG opened at $5.19 on Wednesday. The business has a fifty day moving average of $5.40 and a two-hundred day moving average of $5.16. Liberty All-Star Growth Fund has a 52-week low of $4.47 and a 52-week high of $5.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in shares of Liberty All-Star Growth Fund in the fourth quarter valued at about $39,000. Virtu Financial LLC bought a new position in shares of Liberty All-Star Growth Fund in the fourth quarter valued at about $54,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Liberty All-Star Growth Fund in the second quarter valued at about $62,000. Susquehanna International Group LLP bought a new position in shares of Liberty All-Star Growth Fund in the fourth quarter valued at about $64,000. Finally, Walleye Capital LLC bought a new position in shares of Liberty All-Star Growth Fund in the third quarter valued at about $76,000. 21.62% of the stock is owned by institutional investors.

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.