Liberty All-Star Equity Fund (USA) to Issue Quarterly Dividend of $0.18 on March 9th

Liberty All-Star Equity Fund (NYSE:USA) declared a quarterly dividend on Monday, January 12th. Stockholders of record on Thursday, January 22nd will be given a dividend of 0.18 per share by the closed-end fund on Monday, March 9th. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Thursday, January 22nd. This is a 5.9% increase from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17.

Liberty All-Star Equity Fund Stock Performance

Shares of NYSE:USA opened at $6.37 on Wednesday. The company has a fifty day simple moving average of $6.19 and a 200 day simple moving average of $6.41. Liberty All-Star Equity Fund has a 12-month low of $5.64 and a 12-month high of $7.34.

Hedge Funds Weigh In On Liberty All-Star Equity Fund

A number of hedge funds have recently bought and sold shares of USA. Sound Income Strategies LLC acquired a new stake in Liberty All-Star Equity Fund during the third quarter valued at approximately $26,000. Blue Trust Inc. acquired a new stake in shares of Liberty All-Star Equity Fund during the 2nd quarter valued at approximately $30,000. Eastern Bank bought a new position in Liberty All-Star Equity Fund during the third quarter worth $40,000. Westfuller Advisors LLC acquired a new position in Liberty All-Star Equity Fund in the third quarter worth $43,000. Finally, AE Wealth Management LLC bought a new stake in Liberty All-Star Equity Fund during the third quarter valued at $64,000. 9.95% of the stock is currently owned by institutional investors and hedge funds.

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.