Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) to Issue Monthly Dividend of $0.05 on October 31st

Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) announced 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 9.05%. The ex-dividend date is Thursday, October 12th.

Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) opened at 6.23 on Wednesday. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a one year low of $5.25 and a one year high of $6.49. The firm has a 50-day moving average of $6.16 and a 200-day moving average of $6.22.

In related news, major shareholder Saba Capital Management, L.P. sold 55,529 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $6.04, for a total value of $335,395.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Advent Capital Management /De/ sold 469,000 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $6.19, for a total value of $2,903,110.00. Following the completion of the sale, the insider now directly owns 390,544 shares in the company, valued at approximately $2,417,467.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,382,672 shares of company stock worth $8,537,086.

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

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