Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) Receives Daily Media Sentiment Rating of 0.28
News articles about Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) have been trending positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Advent Claymore Convertible Sec & Inc Fd earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 44.5960091034896 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Advent Claymore Convertible Sec & Inc Fd (NYSE AVK) opened at 15.92 on Friday. Advent Claymore Convertible Sec & Inc Fd has a one year low of $13.33 and a one year high of $16.80. The company has a 50-day moving average price of $16.31 and a 200 day moving average price of $15.94.
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.1138 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 8.58%. This is an increase from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.11.
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In other news, major shareholder Saba Capital Management, L.P. sold 36,803 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $16.39, for a total transaction of $603,201.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 104,824 shares of company stock worth $1,731,084 in the last 90 days.
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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