Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) declared a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.047 per share by the exchange traded fund on Thursday, November 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.16%. The ex-dividend date is Tuesday, November 14th.

Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) traded down $0.04 during trading hours on Friday, reaching $6.11. 76,217 shares of the company were exchanged.

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In related news, VP Tony Huang sold 8,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $6.15, for a total transaction of $49,200.00. Following the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at $12,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Saba Capital Management, L.P. sold 20,597 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $6.34, for a total value of $130,584.98. The disclosure for this sale can be found here. Insiders have sold 1,325,032 shares of company stock valued at $8,169,342 over the last 90 days.

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

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