Claymore Dividend & Income Fund (DCS) announced on Friday that it will distribute dividends among all its shareholders in the running financial year. The closed-end management investment company said it is increasing its quarterly dividend by 25% to $0.125 per share, effective with its November 2010 dividend. The increased dividend compares to the $0.10 per share for the Fund’s most recent dividend.
The company said the November 2010 dividend will be paid on November 30, 2010 to shareholders of record as of November 15, 2010 with an ex-dividend date of November 10, 2010.
Shares of DCS are higher on the session by 0.85%, currently trading at $14.32.