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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Friday, March 14th will be paid a dividend of 0.1172 per share by the investment management company on Monday, March 31st. This represents a $1.41 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date of this dividend is Friday, March 14th.

Advent Convertible and Income Fund Stock Up 0.0 %

NYSE:AVK traded up $0.01 during mid-day trading on Tuesday, reaching $11.89. 200,481 shares of the company’s stock traded hands, compared to its average volume of 159,344. Advent Convertible and Income Fund has a 12-month low of $11.06 and a 12-month high of $12.97. The company has a 50 day moving average price of $12.05 and a 200-day moving average price of $11.98.

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.