Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.1172 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Wednesday, July 15th.
Advent Convertible and Income Fund Trading Down 0.8%
AVK opened at $12.95 on Friday. Advent Convertible and Income Fund has a twelve month low of $10.77 and a twelve month high of $13.28. The company’s 50-day moving average price is $12.76 and its two-hundred day moving average price is $12.50.
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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