Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.1164 per share by the investment management company on Wednesday, January 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Thursday, January 11th. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.

Advent Claymore Convertible Sec & Inc Fd (AVK) traded down $0.06 during midday trading on Wednesday, hitting $15.96. 74,026 shares of the stock were exchanged, compared to its average volume of 83,163. Advent Claymore Convertible Sec & Inc Fd has a 52 week low of $14.75 and a 52 week high of $16.80.

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Advent Claymore Convertible Sec & Inc Fd Company Profile

Advent Claymore Convertible Securities and Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund invests approximately 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities.

Dividend History for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

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