Press coverage about Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) has been trending positive on Friday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advent Claymore Convertible Sec & Inc Fd earned a news sentiment score of 0.41 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 48.4095281239216 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
AVK traded down $0.06 during mid-day trading on Friday, hitting $15.58. The stock had a trading volume of 100 shares, compared to its average volume of 72,954. Advent Claymore Convertible Sec & Inc Fd has a 1-year low of $14.62 and a 1-year high of $16.80.
The company also recently announced a monthly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.1172 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12. This represents a $1.41 annualized dividend and a yield of 9.03%.
Advent Claymore Convertible Sec & Inc Fd Company Profile
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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