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

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 given a dividend of 0.1172 per share by the investment management company on Monday, March 31st. This represents a $1.41 dividend on an annualized basis and a dividend yield of 11.83%. The ex-dividend date is Friday, March 14th.

Advent Convertible and Income Fund Stock Performance

Shares of NYSE:AVK traded up $0.01 on Tuesday, reaching $11.89. 200,481 shares of the company’s stock were exchanged, compared to its average volume of 159,775. Advent Convertible and Income Fund has a twelve month low of $11.06 and a twelve month high of $12.97. The company has a fifty day moving average of $12.05 and a 200-day moving average of $11.98.

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.