Advent Convertible and Income Fund (NYSE:AVK) to Issue $0.12 Monthly Dividend

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.117 per share by the investment management company on Friday, May 31st. This represents a $1.40 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date is Tuesday, May 14th.

Advent Convertible and Income Fund Stock Performance

Shares of Advent Convertible and Income Fund stock traded up $0.21 during trading on Friday, hitting $11.94. The company’s stock had a trading volume of 111,471 shares, compared to its average volume of 117,419. Advent Convertible and Income Fund has a 52 week low of $9.24 and a 52 week high of $12.16. The stock has a 50-day moving average price of $11.77 and a two-hundred day moving average price of $11.19.

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.