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

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.1172 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend is Friday, February 13th.

Advent Convertible and Income Fund Stock Performance

Shares of AVK stock opened at $12.76 on Tuesday. Advent Convertible and Income Fund has a fifty-two week low of $9.75 and a fifty-two week high of $13.10. The stock’s fifty day moving average is $12.64 and its two-hundred day moving average is $12.59.

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.