News stories about Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) have trended positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Advent Claymore Convertible Sec & Inc Fd earned a daily sentiment score of 0.42 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 46.4455372862792 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Advent Claymore Convertible Sec & Inc Fd (AVK) opened at $15.94 on Monday. Advent Claymore Convertible Sec & Inc Fd has a twelve month low of $13.91 and a twelve month high of $16.80.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09. This represents a $1.38 dividend on an annualized basis and a dividend yield of 8.66%.
In other Advent Claymore Convertible Sec & Inc Fd news, major shareholder Saba Capital Management, L.P. sold 59,776 shares of Advent Claymore Convertible Sec & Inc Fd stock in a transaction on Friday, September 1st. The stock was sold at an average price of $16.11, for a total transaction of $962,991.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
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Advent Claymore Convertible Sec & Inc Fd Company Profile
Advent Claymore Convertible Securities and Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund invests approximately 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities.
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