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

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Monday, March 3rd, 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 dividend on an annualized basis and a dividend yield of 12.22%. The ex-dividend date of this dividend is Friday, March 14th.

Advent Convertible and Income Fund Stock Down 0.1 %

Shares of NYSE AVK opened at $11.51 on Wednesday. Advent Convertible and Income Fund has a 1 year low of $11.06 and a 1 year high of $12.97. The business has a 50-day moving average of $12.04 and a two-hundred day moving average of $11.94.

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.