Advent Convertible and Income Fund (AVK) to Issue Monthly Dividend of $0.12 on January 30th

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be given a dividend of 0.1172 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend is Thursday, January 15th.

Advent Convertible and Income Fund Stock Performance

Shares of AVK stock traded down $0.04 during mid-day trading on Tuesday, reaching $12.82. The company’s stock had a trading volume of 51,280 shares, compared to its average volume of 143,995. The company’s 50 day simple moving average is $12.57 and its 200-day simple moving average is $12.53. Advent Convertible and Income Fund has a 12-month low of $9.75 and a 12-month high of $13.10.

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.