Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) declared a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be paid a dividend of 0.1172 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date is Monday, June 15th.
Advent Convertible and Income Fund Trading Up 0.6%
AVK stock opened at $13.15 on Tuesday. The stock has a 50-day moving average price of $12.26 and a two-hundred day moving average price of $12.44. Advent Convertible and Income Fund has a 1 year low of $10.77 and a 1 year high of $13.16.
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.
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