Advent Convertible and Income Fund (NYSE:AVK) Raises Dividend to $0.12 Per Share

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.1172 per share by the investment management company on Wednesday, July 31st. This represents a $1.41 annualized dividend and a yield of 11.81%. The ex-dividend date of this dividend is Monday, July 15th. This is an increase from Advent Convertible and Income Fund’s previous monthly dividend of $0.12.

Advent Convertible and Income Fund Price Performance

Shares of NYSE AVK remained flat at $11.91 during mid-day trading on Tuesday. The company had a trading volume of 102,677 shares, compared to its average volume of 105,097. Advent Convertible and Income Fund has a 1 year low of $9.24 and a 1 year high of $12.22. The business has a 50-day simple moving average of $11.89 and a 200-day simple moving average of $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.