Advent Convertible and Income Fund (NYSE:AVK – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.89 and traded as high as $11.96. Advent Convertible and Income Fund shares last traded at $11.87, with a volume of 76,942 shares traded.
Advent Convertible and Income Fund Stock Performance
The business has a 50-day moving average of $11.90 and a 200 day moving average of $11.74.
Advent Convertible and Income Fund Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.1172 per share. The ex-dividend date is Monday, July 15th. This is an increase from Advent Convertible and Income Fund’s previous monthly dividend of $0.12. This represents a $1.41 annualized dividend and a yield of 11.87%.
Hedge Funds Weigh In On Advent Convertible and Income Fund
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.
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