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

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.1172 per share by the investment management company on Monday, March 31st. This represents a $1.41 annualized dividend and a dividend yield of 11.83%. The ex-dividend date of this dividend is Friday, March 14th.

Advent Convertible and Income Fund Price Performance

NYSE AVK traded up $0.01 during trading hours on Tuesday, hitting $11.89. The company’s stock had a trading volume of 200,481 shares, compared to its average volume of 159,775. The company’s 50-day simple moving average is $12.05 and its two-hundred day simple moving average is $11.98. Advent Convertible and Income Fund has a 52 week low of $11.06 and a 52 week high of $12.97.

About Advent Convertible and Income Fund

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.