Advent Convertible and Income Fund Announces Monthly Dividend of $0.12 (NYSE:AVK)

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.1172 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Thursday, January 15th.

Advent Convertible and Income Fund Stock Performance

NYSE AVK opened at $12.84 on Tuesday. Advent Convertible and Income Fund has a 1 year low of $9.75 and a 1 year high of $13.10. The company has a fifty day moving average of $12.57 and a 200 day moving average of $12.53.

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.