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

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.1172 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Friday, May 15th.

Advent Convertible and Income Fund Trading Up 0.2%

Advent Convertible and Income Fund stock traded up $0.02 during mid-day trading on Wednesday, reaching $12.82. The company had a trading volume of 12,196 shares, compared to its average volume of 166,557. Advent Convertible and Income Fund has a 1 year low of $10.77 and a 1 year high of $13.10. The stock’s 50-day simple moving average is $12.10 and its 200-day simple moving average is $12.45.

About Advent Convertible and Income Fund

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.