Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) to Issue Monthly Dividend of $0.12

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Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.1172 per share by the investment management company on Tuesday, December 31st. This represents a $1.41 dividend on an annualized basis and a yield of 9.17%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.

AVK traded down $0.01 during trading on Wednesday, hitting $15.34. 116,053 shares of the company’s stock traded hands, compared to its average volume of 105,389. The company’s 50 day simple moving average is $14.90 and its two-hundred day simple moving average is $14.69. Advent Claymore Convertible Sec & Inc Fd has a 12-month low of $12.07 and a 12-month high of $15.64.

Advent Claymore Convertible Sec & Inc Fd 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.

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Dividend History for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

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