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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.1172 per share by the investment management company on Friday, February 28th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 11.55%. The ex-dividend date is Friday, February 14th.

Advent Convertible and Income Fund Trading Up 0.3 %

NYSE AVK traded up $0.04 during trading on Tuesday, hitting $12.18. The stock had a trading volume of 119,780 shares, compared to its average volume of 178,217. Advent Convertible and Income Fund has a 12 month low of $11.06 and a 12 month high of $12.97. The company’s 50-day moving average price is $12.06 and its two-hundred day moving average price is $12.03.

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.