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

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.1172 per share by the investment management company on Wednesday, April 30th. This represents a $1.41 dividend on an annualized basis and a yield of 12.24%. The ex-dividend date of this dividend is Tuesday, April 15th.

Advent Convertible and Income Fund Stock Performance

AVK stock opened at $11.49 on Thursday. Advent Convertible and Income Fund has a 1 year low of $11.06 and a 1 year high of $12.97. The stock’s fifty day moving average price is $11.91 and its 200-day moving average price is $11.83.

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.