Advent/Claymore Enhanced Growth & Income (NYSE:LCM) Earning Somewhat Positive News Coverage, Accern Reports
Press coverage about Advent/Claymore Enhanced Growth & Income (NYSE:LCM) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Advent/Claymore Enhanced Growth & Income earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 46.5194552491943 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Advent/Claymore Enhanced Growth & Income (NYSE LCM) opened at 8.51 on Friday. The company has a 50 day moving average of $8.74 and a 200 day moving average of $8.65. Advent/Claymore Enhanced Growth & Income has a 52 week low of $7.53 and a 52 week high of $8.90.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.87%. The ex-dividend date of this dividend is Friday, August 11th.
In related news, insider Gerald L. Seizert sold 15,000 shares of Advent/Claymore Enhanced Growth & Income stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $8.81, for a total value of $132,150.00. Following the transaction, the insider now owns 6,200 shares in the company, valued at approximately $54,622. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Bulldog Investors, Llc sold 81,508 shares of Advent/Claymore Enhanced Growth & Income stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $8.74, for a total transaction of $712,379.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 166,673 shares of company stock worth $1,458,474.
Advent/Claymore Enhanced Growth & Income Company Profile
Advent/Claymore Enhanced Growth & Income Fund is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income and current gains from trading in securities, with a secondary objective of long-term capital appreciation. Under normal market conditions, the Fund invests approximately 40% of its managed assets in a diversified portfolio of equity securities and convertible securities of the United States and non-United States issuers, and may invest up to 60% of its managed assets in non-convertible high-yield securities.
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