Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.1172 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, August 14th.
Advent Convertible and Income Fund Price Performance
Shares of AVK opened at $12.60 on Tuesday. The business’s 50 day moving average price is $12.79 and its 200-day moving average price is $12.50. Advent Convertible and Income Fund has a 52 week low of $10.77 and a 52 week high of $13.28.
Advent Convertible and Income Fund Company Profile
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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