Advent Claymore Convertible Sec & Inc Fd (AVK) To Go Ex-Dividend on November 14th
Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) declared a monthly dividend on Wednesday, November 1st, NASDAQ reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.115 per share by the investment management company on Thursday, November 30th. This represents a $1.38 annualized dividend and a yield of 8.72%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09.
Advent Claymore Convertible Sec & Inc Fd (NYSE AVK) traded up $0.07 on Monday, reaching $15.83. 101,800 shares of the company were exchanged, compared to its average volume of 89,507. Advent Claymore Convertible Sec & Inc Fd has a 12-month low of $13.38 and a 12-month high of $16.80.
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In related news, major shareholder Saba Capital Management, L.P. sold 24,613 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $15.98, for a total transaction of $393,315.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 154,181 shares of company stock valued at $2,474,677 in the last three months.
About Advent Claymore Convertible Sec & Inc Fd
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.
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