Advent Claymore Convertible Sec & Inc Fd (AVK) Increases Dividend to $0.12 Per Share

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.

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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.

Dividend History for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

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