Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) announced a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.1172 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Monday, June 15th.
Advent Convertible and Income Fund Stock Performance
NYSE:AVK opened at $13.15 on Tuesday. Advent Convertible and Income Fund has a 12-month low of $10.77 and a 12-month high of $13.16. The stock’s fifty day simple moving average is $12.26 and its 200-day simple moving average is $12.44.
About Advent Convertible and Income Fund
Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.
The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.
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