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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Monday, July 15th will be given a dividend of 0.1172 per share by the investment management company on Wednesday, July 31st. This represents a $1.41 dividend on an annualized basis and a yield of 11.84%. The ex-dividend date of this dividend is Monday, July 15th. This is a positive change from Advent Convertible and Income Fund’s previous monthly dividend of $0.12.

Advent Convertible and Income Fund Stock Performance

NYSE:AVK opened at $11.88 on Wednesday. Advent Convertible and Income Fund has a 52 week low of $9.24 and a 52 week high of $12.22. The stock’s 50 day moving average price is $11.90 and its 200 day moving average price is $11.74.

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.