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

Posted by Geri Gentry on Jul 2nd, 2026

Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given 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 Price Performance

AVK stock opened at $13.06 on Thursday. The business’s 50-day moving average is $12.75 and its two-hundred day moving average is $12.50. Advent Convertible and Income Fund has a fifty-two week low of $10.77 and a fifty-two week high of $13.28.

Hedge Funds Weigh In On Advent Convertible and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LFA Lugano Financial Advisors SA bought a new stake in Advent Convertible and Income Fund during the fourth quarter valued at approximately $34,000. Geneos Wealth Management Inc. raised its position in Advent Convertible and Income Fund by 301.1% in the first quarter. Geneos Wealth Management Inc. now owns 3,975 shares of the investment management company’s stock worth $46,000 after acquiring an additional 2,984 shares during the period. MeadowBrook Investment Advisors LLC purchased a new position in shares of Advent Convertible and Income Fund during the 1st quarter worth $53,000. Kestra Advisory Services LLC purchased a new position in shares of Advent Convertible and Income Fund during the 4th quarter worth $119,000. Finally, Ballew Advisors Inc bought a new stake in shares of Advent Convertible and Income Fund during the 4th quarter valued at $129,000.

About Advent Convertible and Income Fund

(Get Free Report)

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.