Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be paid a dividend of 0.047 per share by the exchange traded fund on Tuesday, October 31st. This represents a $0.56 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date is Thursday, October 12th.

Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE AGC) traded up 0.16% during mid-day trading on Tuesday, reaching $6.25. The company’s stock had a trading volume of 74,344 shares. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a 1-year low of $5.25 and a 1-year high of $6.49. The company’s 50 day moving average price is $6.15 and its 200-day moving average price is $6.22.

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In other Advent Claymore Convertible Securities and Income Fund of Beneficial Interest news, major shareholder Saba Capital Management, L.P. sold 204,421 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $6.13, for a total value of $1,253,100.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Advent Capital Management /De/ sold 75,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $6.10, for a total value of $457,500.00. Following the completion of the transaction, the insider now owns 504,000 shares of the company’s stock, valued at approximately $3,074,400. The disclosure for this sale can be found here. Insiders have sold 1,382,672 shares of company stock valued at $8,537,086 over the last three months.

Dividend History for Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC)

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