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 Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.1172 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Tuesday, September 15th.

Advent Convertible and Income Fund Trading Down 0.6%

AVK stock opened at $12.46 on Wednesday. Advent Convertible and Income Fund has a 1-year low of $10.77 and a 1-year high of $13.28. The firm has a fifty day moving average price of $12.71 and a two-hundred day moving average price of $12.50.

Advent Convertible and Income Fund Company Profile

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.