Advent/Claymore Enhanced Growth & Income (LCM) Declares $0.21 Quarterly Dividend
Advent/Claymore Enhanced Growth & Income (NYSE:LCM) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.21 per share by the investment management company on Thursday, November 30th. This represents a $0.84 annualized dividend and a dividend yield of 9.78%. The ex-dividend date of this dividend is Tuesday, November 14th.
Shares of Advent/Claymore Enhanced Growth & Income (NYSE LCM) traded down $0.06 during mid-day trading on Friday, hitting $8.59. The company’s stock had a trading volume of 27,132 shares.
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In related news, VP Tony Huang purchased 3,500 shares of Advent/Claymore Enhanced Growth & Income stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $8.24 per share, with a total value of $28,840.00. Following the completion of the transaction, the vice president now owns 8,500 shares of the company’s stock, valued at approximately $70,040. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.
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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