Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.117 per share by the investment management company on Wednesday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date is Wednesday, February 14th. This is an increase from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.
Advent Claymore Convertible Sec & Inc Fd has raised its dividend by an average of 4.5% annually over the last three years.
Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) opened at $15.69 on Friday. Advent Claymore Convertible Sec & Inc Fd has a 12-month low of $15.09 and a 12-month high of $16.80.
TRADEMARK VIOLATION NOTICE: “Advent Claymore Convertible Sec & Inc Fd (AVK) Increases Dividend to $0.12 Per Share” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/03/advent-claymore-convertible-sec-inc-fd-avk-increases-dividend-to-0-12-per-share.html.
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.
Receive News & Ratings for Advent Claymore Convertible Sec & Inc Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advent Claymore Convertible Sec & Inc Fd and related companies with MarketBeat.com's FREE daily email newsletter.