Advent Convertible and Income Fund (NYSE:AVK) Shareholders to Collect $0.12 Monthly Dividend

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be given a dividend of $0.1172 per share by the investment management company on Friday, October 30th. This represents a $1.41 annualized dividend and a yield of 12.4%. The ex-dividend date is Thursday, October 15th.

Advent Convertible and Income Fund Trading Down 1.1%

Shares of NYSE:AVK opened at $11.34 on Friday. Advent Convertible and Income Fund has a 1-year low of $10.77 and a 1-year high of $13.28. The firm has a fifty day moving average price of $12.33 and a 200 day moving average price of $12.43.

Advent Convertible and Income Fund Company Profile

Advent Convertible and Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol AVK. The fund seeks to provide current income and capital appreciation by investing primarily in a diversified portfolio of convertible securities and income-producing fixed-income investments.

The fund is managed by Advent Capital Management, LLC, an investment adviser specializing in convertible securities and related credit markets. Its portfolio may include convertible bonds, preferred securities and other corporate debt instruments, with investments selected based on factors such as income potential, credit quality and the opportunity for equity participation through conversion features.

Advent Convertible and Income Fund invests across corporate issuers and industries, with its geographic exposure determined by the securities held in the portfolio.