Advent Convertible and Income Fund (NYSE:AVK) Shareholders to Collect $0.12 Monthly Dividend

Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.1172 per share by the investment management company on Monday, November 30th. This represents a $1.41 annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend is Friday, November 13th.

Advent Convertible and Income Fund Trading Down 1.7%

Shares of Advent Convertible and Income Fund stock opened at $10.74 on Tuesday. The firm’s 50-day moving average is $11.71 and its 200 day moving average is $12.32. Advent Convertible and Income Fund has a 1 year low of $10.71 and a 1 year high of $13.28.

Advent Convertible and Income Fund Company Profile

(Get Free Report)

Advent Convertible and Income Fund (NYSE: AVK) is a publicly traded closed-end investment company. The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing primarily in a diversified portfolio of convertible securities and other income-producing investments.

Its portfolio may include convertible bonds, convertible preferred securities and non-convertible corporate debt. Convertible securities can provide income while offering the potential to participate in the appreciation of the underlying equity securities.

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