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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Monday, June 3rd, Zacks reports. Investors of record on Friday, June 14th will be paid a dividend of 0.117 per share by the investment management company on Friday, June 28th. This represents a $1.40 annualized dividend and a dividend yield of 11.62%. The ex-dividend date is Friday, June 14th.

Advent Convertible and Income Fund Trading Up 0.4 %

NYSE AVK traded up $0.05 on Wednesday, reaching $12.08. The company had a trading volume of 57,453 shares, compared to its average volume of 109,690. Advent Convertible and Income Fund has a 52-week low of $9.24 and a 52-week high of $12.22. The company’s fifty day moving average is $11.81 and its 200 day moving average is $11.54.

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.