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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Tuesday, September 10th, NASDAQ reports. Shareholders of record on Wednesday, October 2nd will be given a dividend of 0.1172 per share by the investment management company on Thursday, October 31st. This represents a $1.41 dividend on an annualized basis and a yield of 12.29%. The ex-dividend date is Wednesday, October 2nd. This is a positive change from Advent Convertible and Income Fund’s previous monthly dividend of $0.09.

Advent Convertible and Income Fund Price Performance

NYSE AVK opened at $11.44 on Monday. The company has a 50-day moving average price of $12.39 and a 200-day moving average price of $12.07. Advent Convertible and Income Fund has a 52 week low of $9.24 and a 52 week 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.