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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given 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 Price Performance

Shares of Advent Convertible and Income Fund stock traded up $0.03 during trading on Wednesday, hitting $11.49. The stock had a trading volume of 133,638 shares, compared to its average volume of 160,636. Advent Convertible and Income Fund has a 12 month low of $11.06 and a 12 month high of $12.97. The firm’s fifty day simple moving average is $11.93 and its 200-day simple moving average is $11.84.

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.