Advent Convertible and Income Fund (AVK) To Go Ex-Dividend on January 15th

Advent Convertible and Income Fund (NYSE:AVKGet Free Report) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.1172 per share by the investment management company on Friday, January 31st. This represents a $1.41 dividend on an annualized basis and a dividend yield of 11.97%. The ex-dividend date of this dividend is Wednesday, January 15th.

Advent Convertible and Income Fund Price Performance

Shares of AVK opened at $11.75 on Monday. Advent Convertible and Income Fund has a fifty-two week low of $11.03 and a fifty-two week high of $12.97. The business has a 50-day moving average of $11.94 and a 200 day moving average of $12.03.

Insider Transactions at Advent Convertible and Income Fund

In other news, VP Tony Huang purchased 2,300 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were purchased at an average price of $11.28 per share, with a total value of $25,944.00. Following the completion of the acquisition, the vice president now owns 9,400 shares in the company, valued at $106,032. This trade represents a 32.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Randall C. Barnes acquired 3,785 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were acquired at an average cost of $11.28 per share, with a total value of $42,694.80. Following the acquisition, the insider now directly owns 15,140 shares of the company’s stock, valued at $170,779.20. This represents a 33.33 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 19,264 shares of company stock worth $217,298 over the last quarter.

Advent Convertible and Income Fund Company Profile

(Get Free Report)

Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors.

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Dividend History for Advent Convertible and Income Fund (NYSE:AVK)

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