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

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.1172 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date is Friday, February 13th.

Advent Convertible and Income Fund Trading Up 0.3%

Shares of NYSE AVK traded up $0.04 on Tuesday, reaching $12.72. 12,671 shares of the company traded hands, compared to its average volume of 202,248. Advent Convertible and Income Fund has a fifty-two week low of $9.75 and a fifty-two week high of $13.10. The company has a 50 day moving average of $12.64 and a 200 day moving average of $12.59.

About Advent Convertible and Income Fund

Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.

The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.