Advent Convertible and Income Fund (NYSE:AVK) Declares $0.12 Monthly Dividend

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.117 per share by the investment management company on Friday, May 31st. This represents a $1.40 annualized dividend and a dividend yield of 11.76%. The ex-dividend date of this dividend is Tuesday, May 14th.

Advent Convertible and Income Fund Trading Up 1.8 %

Shares of NYSE AVK traded up $0.21 during mid-day trading on Friday, reaching $11.94. The company had a trading volume of 111,471 shares, compared to its average volume of 117,419. Advent Convertible and Income Fund has a 52 week low of $9.24 and a 52 week high of $12.16. The business’s 50-day moving average is $11.77 and its 200-day moving average is $11.19.

Advent Convertible and Income Fund Company Profile

Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors.