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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.1172 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date is Wednesday, July 15th.

Advent Convertible and Income Fund Stock Down 0.3%

AVK opened at $13.06 on Thursday. The business has a 50 day simple moving average of $12.75 and a two-hundred day simple moving average of $12.50. Advent Convertible and Income Fund has a one year low of $10.77 and a one year 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.