News articles about Advent/Claymore Enhanced Growth & Income (NYSE:LCM) have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Advent/Claymore Enhanced Growth & Income earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the investment management company an impact score of 46.5194552491943 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Advent/Claymore Enhanced Growth & Income (NYSE LCM) opened at 8.51 on Friday. Advent/Claymore Enhanced Growth & Income has a 52-week low of $7.53 and a 52-week high of $8.90. The company’s 50-day moving average price is $8.74 and its 200-day moving average price is $8.65.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.84 annualized dividend and a yield of 9.87%.
In other Advent/Claymore Enhanced Growth & Income news, major shareholder Bulldog Investors, Llc sold 81,508 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $8.74, for a total transaction of $712,379.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gerald L. Seizert sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $8.81, for a total transaction of $132,150.00. Following the transaction, the insider now owns 6,200 shares of the company’s stock, valued at $54,622. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 166,673 shares of company stock valued at $1,458,474.
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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