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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.1172 per share by the investment management company on Friday, February 28th. This represents a $1.41 annualized dividend and a yield of 11.55%. The ex-dividend date is Friday, February 14th.

Advent Convertible and Income Fund Stock Up 0.3 %

Advent Convertible and Income Fund stock traded up $0.04 during mid-day trading on Tuesday, reaching $12.18. The company’s stock had a trading volume of 119,780 shares, compared to its average volume of 178,217. Advent Convertible and Income Fund has a 12-month low of $11.06 and a 12-month high of $12.97. The firm’s fifty day moving average price is $12.06 and its two-hundred day moving average price is $12.03.

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.