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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.1172 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend is Friday, May 15th.

Advent Convertible and Income Fund Stock Performance

AVK traded down $0.15 during trading on Wednesday, reaching $12.79. 11,904 shares of the stock traded hands, compared to its average volume of 168,276. The stock’s 50-day moving average is $12.10 and its 200 day moving average is $12.45. Advent Convertible and Income Fund has a 12 month low of $10.77 and a 12 month high of $13.10.

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.