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

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.1172 per share by the investment management company on Friday, November 29th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 11.74%. The ex-dividend date is Friday, November 15th. This is an increase from Advent Convertible and Income Fund’s previous monthly dividend of $0.09.

Advent Convertible and Income Fund Stock Up 0.6 %

NYSE AVK traded up $0.07 during trading hours on Thursday, reaching $11.98. 8,079 shares of the company’s stock were exchanged, compared to its average volume of 142,579. The firm has a fifty day moving average of $11.66 and a 200-day moving average of $12.00. Advent Convertible and Income Fund has a one year low of $10.16 and a one year high of $12.97.

Insider Activity at Advent Convertible and Income Fund

In other Advent Convertible and Income Fund news, insider Randall C. Barnes bought 3,785 shares of Advent Convertible and Income Fund stock in a transaction dated Thursday, October 17th. The shares were bought at an average price of $11.28 per share, with a total value of $42,694.80. Following the purchase, the insider now owns 15,140 shares of the company’s stock, valued at $170,779.20. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Randall C. Barnes bought 3,785 shares of Advent Convertible and Income Fund stock in a transaction on Thursday, October 17th. The shares were purchased at an average price of $11.28 per share, for a total transaction of $42,694.80. Following the completion of the acquisition, the insider now owns 15,140 shares in the company, valued at approximately $170,779.20. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tracy V. Maitland bought 13,179 shares of the stock in a transaction on Thursday, October 17th. The stock was purchased at an average cost of $11.28 per share, with a total value of $148,659.12. Following the purchase, the chief executive officer now directly owns 45,449 shares of the company’s stock, valued at approximately $512,664.72. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 19,264 shares of company stock valued at $217,298 over the last quarter.

Advent Convertible and Income Fund Company Profile

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.