Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 15th will be paid a dividend of 0.116 per share by the investment management company on Friday, December 29th. This represents a $1.39 annualized dividend and a dividend yield of 8.83%. The ex-dividend date is Thursday, December 14th. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.
Shares of Advent Claymore Convertible Sec & Inc Fd (NYSE AVK) traded up $0.02 on Monday, reaching $15.77. 66,400 shares of the company’s stock were exchanged, compared to its average volume of 88,209. Advent Claymore Convertible Sec & Inc Fd has a one year low of $13.91 and a one year high of $16.80.
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About Advent Claymore Convertible Sec & Inc Fd
Advent Claymore Convertible Securities and Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund invests approximately 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities.
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