SmarterDividends
ASG

Liberty All-Star Growth Fund, Inc.

ASG

Financial Services · Asset Management · Stock · quarterly payer

$4.96

Fairly valued · +13% Add to Portfolio

Forward Yield

9.48%

Annual Dividend

$0.47

Payout Ratio

62%

5-Yr Growth

-1.4%

Ex-Date

Jul 16, 2026

Frequency

Quarterly

Key facts about ASG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Liberty All-Star Growth Fund, Inc. (ASG) has a forward dividend yield of 9.48%, based on an annual dividend of $0.47 per share and a share price of $4.96.
  • As of Oct 18, 2026, ASG's dividend safety grade from SmarterDividends is B (66 out of 100), which rates the dividend as safe.
  • ASG last cut its regular dividend in 2023.
  • ASG's most recent ex-dividend date was Jul 16, 2026, for a dividend of $0.12 per share.
  • As of Oct 18, 2026, ASG pays out 62% of its trailing 12-month earnings as dividends (its payout ratio).
  • ASG's dividend has shrunk at an average rate of 1.4% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for ASG is $5.62 per share, 13% above the $4.96 share price, so ASG screens as fairly valued.
  • Liberty All-Star Growth Fund, Inc. (ASG) pays its dividend quarterly, 4 times a year.
  • Liberty All-Star Growth Fund, Inc. (ASG) has raised its regular dividend 38 times and cut it 38 times across the 136 payments on record since 1987. Its most recent change was a 9.1% increase to $0.120 per share, going ex-dividend on Jul 16, 2026. The last cut went ex-dividend on Apr 16, 2026.
Cite this page

SmarterDividends, "ASG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/ASG

Summary

As of Oct 18, 2026, Liberty All-Star Growth Fund, Inc. (ASG) yields 9.48% ($0.47 a year per share) and has a dividend safety grade of B (66/100).

Is ASG a good dividend stock?

Yes, with caveats

Liberty All-Star Growth Fund, Inc. (ASG) pays a quarterly dividend yielding 9.48% ($0.47/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2023
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    9.48%
    Payout Ratio
    62%
    Annual Dividend
    $0.47
    5-Yr Avg Growth
    -1.4%
    Ex-Dividend Date
    Jul 16, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    1.19
    Market Cap
    $316.0M
    P/E Ratio
    6.6
    5-Yr Total Return
    -44%
    52-Week Range
    $4.55 – $5.69
    Dividend Safety
    B · 66/100
    Ever Cut?
    Yes (2023)

    ASG dividend raises and cuts

    Liberty All-Star Growth Fund, Inc. (ASG) has raised its regular dividend 38 times and cut it 38 times across the 136 payments on record since 1987. Its most recent change was a 9.1% increase to $0.120 per share, going ex-dividend on Jul 16, 2026. The last cut went ex-dividend on Apr 16, 2026.

    Ex-dateChangeOld → newMove
    Jul 16, 2026Raise$0.110 → $0.120+9.1%
    Apr 16, 2026Cut$0.120 → $0.110−8.3%
    Apr 18, 2024Raise$0.110 → $0.120+9.1%
    Jan 18, 2024Raise$0.100 → $0.110+10.0%
    Nov 16, 2023Cut$0.110 → $0.100−9.1%
    Jan 19, 2023Raise$0.100 → $0.110+10.0%
    Nov 17, 2022Cut$0.110 → $0.100−9.1%
    Jul 21, 2022Cut$0.140 → $0.110−21.4%
    Apr 21, 2022Cut$0.150 → $0.140−6.7%
    Jan 20, 2022Cut$0.170 → $0.150−11.8%
    Apr 22, 2021Raise$0.160 → $0.170+6.3%
    Jan 21, 2021Raise$0.130 → $0.160+23.1%
    Show all 76 changes since 1988
    Ex-dateChangeOld → newMove
    Jan 23, 2020Raise$0.120 → $0.130+8.3%
    Apr 25, 2019Raise$0.100 → $0.120+20.0%
    Jan 24, 2019Cut$0.110 → $0.100−9.1%
    Nov 15, 2018Cut$0.120 → $0.110−8.3%
    Jul 26, 2018Raise$0.110 → $0.120+9.1%
    Apr 26, 2018Cut$0.120 → $0.110−8.3%
    Jan 25, 2018Raise$0.110 → $0.120+9.1%
    Jul 26, 2017Raise$0.100 → $0.110+10.0%
    Jan 25, 2017Raise$0.0900 → $0.100+11.1%
    Apr 27, 2016Raise$0.0800 → $0.0900+12.5%
    Feb 16, 2016Cut$0.110 → $0.0800−27.3%
    Oct 28, 2015Cut$0.120 → $0.110−8.3%
    Apr 29, 2015Raise$0.0800 → $0.120+50.0%
    Apr 30, 2014Cut$0.0900 → $0.0800−11.1%
    Oct 30, 2013Raise$0.0800 → $0.0900+12.5%
    Jul 31, 2013Raise$0.0700 → $0.0800+14.3%
    Dec 15, 2010Raise$0.0600 → $0.0700+16.7%
    Dec 16, 2009Raise$0.0500 → $0.0600+20.0%
    May 6, 2009Cut$0.0800 → $0.0500−37.5%
    Dec 10, 2008Cut$0.120 → $0.0800−33.3%
    Aug 6, 2008Cut$0.140 → $0.120−14.3%
    May 7, 2008Raise$0.130 → $0.140+7.7%
    Jan 31, 2008Cut$0.160 → $0.130−18.8%
    Nov 7, 2007Raise$0.150 → $0.160+6.7%
    Feb 28, 2007Raise$0.140 → $0.150+7.1%
    Nov 8, 2006Cut$0.150 → $0.140−6.7%
    May 31, 2006Raise$0.140 → $0.150+7.1%
    May 11, 2005Cut$0.150 → $0.140−6.7%
    Aug 11, 2004Cut$0.160 → $0.150−6.3%
    May 12, 2004Cut$0.170 → $0.160−5.9%
    Feb 4, 2004Raise$0.160 → $0.170+6.3%
    Nov 12, 2003Raise$0.150 → $0.160+6.7%
    Aug 13, 2003Raise$0.140 → $0.150+7.1%
    May 14, 2003Raise$0.130 → $0.140+7.7%
    Feb 5, 2003Cut$0.140 → $0.130−7.1%
    Aug 28, 2002Cut$0.190 → $0.140−26.3%
    May 15, 2002Cut$0.200 → $0.190−5.0%
    Jan 30, 2002Raise$0.190 → $0.200+5.3%
    Nov 14, 2001Cut$0.240 → $0.190−20.8%
    May 16, 2001Cut$0.260 → $0.240−7.7%
    Feb 28, 2001Cut$0.330 → $0.260−21.2%
    Nov 15, 2000Cut$0.360 → $0.330−8.3%
    May 31, 2000Raise$0.320 → $0.360+12.5%
    Mar 1, 2000Raise$0.310 → $0.320+3.2%
    Nov 17, 1999Raise$0.290 → $0.310+6.9%
    Aug 18, 1999Cut$0.310 → $0.290−6.5%
    Nov 18, 1998Cut$0.330 → $0.310−6.1%
    Aug 19, 1998Cut$0.370 → $0.330−10.8%
    May 20, 1998Raise$0.350 → $0.370+5.7%
    Mar 4, 1998Raise$0.320 → $0.350+9.4%
    Nov 19, 1997Cut$0.330 → $0.320−3.0%
    Aug 20, 1997Raise$0.290 → $0.330+13.8%
    May 21, 1997Cut$0.300 → $0.290−3.3%
    Mar 19, 1997Cut$0.310 → $0.300−3.2%
    Nov 19, 1996Cut$0.600 → $0.310−48.3%
    Dec 20, 1995Raise$0.0550 → $0.600+990.9%
    Dec 23, 1994Raise$0.0450 → $0.0550+22.2%
    Jan 31, 1994Cut$0.0720 → $0.0450−37.5%
    Feb 1, 1993Cut$0.0750 → $0.0720−4.0%
    Dec 1, 1992Raise$0.0110 → $0.0750+581.8%
    Feb 4, 1991Cut$0.0220 → $0.0110−50.0%
    Feb 5, 1990Raise$0.0120 → $0.0220+83.3%
    Feb 6, 1989Cut$0.105 → $0.0120−88.6%
    Dec 6, 1988Raise$0.0130 → $0.105+707.7%
    Every ASG payment →Download every raise and cut (CSV)
    ASG ex-dividend date & scheduleNext ex-date Jul 16, 2026 · full ex-dividend historyView →ASG dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is ASG a good dividend stock?

    Yes, with caveats. Liberty All-Star Growth Fund, Inc. (ASG) pays a quarterly dividend yielding 9.48% ($0.47/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

    Is ASG undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ASG's fair value is about $5.62 versus a $4.96 share price — so it looks fairly valued (+13% vs. fair value).

    Is ASG's dividend safe?

    ASG has a dividend-safety grade of B (66/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is ASG's fair value?

    Our blended fair-value estimate for ASG is about $5.62 per share, roughly 13% above the current $4.96 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is ASG a buy, hold, or sell?

    We don't issue formal ratings, but on the data ASG screens as "yes, with caveats" and fairly valued. Liberty All-Star Growth Fund, Inc. (ASG) pays a quarterly dividend yielding 9.48% ($0.47/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will ASG cut its dividend?

    ASG earns a dividend-safety grade of B (66/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does ASG pay a dividend?

    Yes. Liberty All-Star Growth Fund, Inc. pays a quarterly dividend of about $0.47 per share annually, a forward yield of roughly 9.48%.

    What is ASG's dividend yield?

    As of Oct 18, 2026, ASG's forward dividend yield is 9.48%, based on a $0.47 annual dividend and a $4.96 share price.

    What is ASG's dividend per share?

    As of Oct 18, 2026, ASG pays $0.47 per share per year, distributed on a quarterly basis.

    What is ASG's dividend payout ratio?

    As of Oct 18, 2026, ASG's payout ratio is 62% of trailing 12-month earnings — a moderate level that's generally sustainable.

    How many years has ASG grown its dividend?

    ASG does not currently have a long dividend-growth streak on record.

    When is the next ASG ex-dividend date?

    As of Oct 18, 2026, ASG's next ex-dividend date hasn't been announced. The most recent was Jul 16, 2026, for $0.12 per share.

    ASG Dividend News

    ASG
    IncreaseASG·Sep 21, 2026

    Liberty All-Star Growth Fund Raises Quarterly Distribution

    Liberty All-Star Growth Fund increased its quarterly distribution by 9.09% to $0.12 per share, with an ex-dividend date of July 16, 2026.

    Income Calculator

    At $0.47 / yr per share

    Per payment (quarterly)$11.75
    Annual$47.00
    Monthly avg$3.92

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