Advent Claymore Convertible Sec & Inc Fd (AVK) Plans Monthly Dividend of $0.11
Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.1146 per share by the investment management company on Tuesday, October 31st. This represents a $1.38 annualized dividend and a yield of 8.44%. The ex-dividend date is Thursday, October 12th. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.11.
Shares of Advent Claymore Convertible Sec & Inc Fd (NYSE AVK) traded up 0.43% during trading on Tuesday, hitting $16.30. The stock had a trading volume of 44,706 shares. Advent Claymore Convertible Sec & Inc Fd has a 1-year low of $13.33 and a 1-year high of $16.80. The firm has a 50 day moving average of $16.06 and a 200 day moving average of $16.02.
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In other Advent Claymore Convertible Sec & Inc Fd news, major shareholder Saba Capital Management, L.P. sold 4,185 shares of Advent Claymore Convertible Sec & Inc Fd stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $16.45, for a total transaction of $68,843.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 267,505 shares of company stock worth $4,343,291 in the last ninety days.
About Advent Claymore Convertible Sec & Inc Fd
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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