Advent Convertible and Income Fund (NYSE:AVK) Raises Dividend to $0.12 Per Share

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.1172 per share by the investment management company on Monday, September 30th. This represents a $1.41 annualized dividend and a dividend yield of 11.57%. The ex-dividend date is Friday, September 13th. This is an increase from Advent Convertible and Income Fund’s previous monthly dividend of $0.09.

Advent Convertible and Income Fund Stock Performance

AVK opened at $12.16 on Thursday. The business has a fifty day simple moving average of $12.48 and a 200 day simple moving average of $12.07. Advent Convertible and Income Fund has a 1 year low of $9.24 and a 1 year high of $12.97.

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.