Advent Convertible and Income Fund (AVK) to Issue Monthly Dividend of $0.12 on July 31st

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.1172 per share by the investment management company on Wednesday, July 31st. This represents a $1.41 dividend on an annualized basis and a dividend yield of 11.84%. The ex-dividend date is Monday, July 15th. This is an increase from Advent Convertible and Income Fund’s previous monthly dividend of $0.12.

Advent Convertible and Income Fund Price Performance

AVK stock opened at $11.88 on Wednesday. Advent Convertible and Income Fund has a 12 month low of $9.24 and a 12 month high of $12.22. The firm has a 50 day moving average of $11.90 and a two-hundred day moving average of $11.74.

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.