Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.1172 per share by the investment management company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Friday, March 13th.
Advent Convertible and Income Fund Stock Performance
Advent Convertible and Income Fund stock opened at $12.36 on Wednesday. Advent Convertible and Income Fund has a 12 month low of $9.75 and a 12 month high of $13.10. The company’s fifty day simple moving average is $12.67 and its 200-day simple moving average is $12.63.
Advent Convertible and Income Fund Company Profile
Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.
The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.
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