Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.1172 per share by the investment management company on Monday, November 30th. This represents a $1.41 annualized dividend and a yield of 13.1%. The ex-dividend date is Friday, November 13th.
Advent Convertible and Income Fund Stock Performance
Shares of AVK stock opened at $10.74 on Tuesday. Advent Convertible and Income Fund has a 12-month low of $10.71 and a 12-month high of $13.28. The firm’s 50 day moving average is $11.71 and its 200 day moving average is $12.32.
Advent Convertible and Income Fund Company Profile
Advent Convertible and Income Fund (NYSE: AVK) is a publicly traded closed-end investment company. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing primarily in a diversified portfolio of convertible securities and other income-producing investments.
Its portfolio may include convertible bonds, convertible preferred securities and non-convertible corporate debt. Convertible securities can provide income while offering the potential to participate in the appreciation of the underlying equity securities.
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