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

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.1172 per share by the investment management company on Friday, November 29th. This represents a $1.41 annualized dividend and a yield of 11.84%. The ex-dividend date of this dividend 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 0.2 %

Shares of NYSE AVK traded up $0.02 during trading on Wednesday, hitting $11.88. The company had a trading volume of 209,725 shares, compared to its average volume of 142,491. The stock has a fifty day simple moving average of $11.67 and a two-hundred day simple moving average of $12.00. Advent Convertible and Income Fund has a fifty-two week low of $10.12 and a fifty-two week high of $12.97.

Insider Activity

In other Advent Convertible and Income Fund 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 cost of $11.28 per share, with a total value of $25,944.00. Following the completion of the purchase, the vice president now owns 9,400 shares in the company, valued at approximately $106,032. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Randall C. Barnes bought 3,785 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were bought at an average cost of $11.28 per share, for a total transaction of $42,694.80. Following the transaction, the insider now owns 15,140 shares of the company’s stock, valued at approximately $170,779.20. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Tony Huang bought 2,300 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were bought at an average price of $11.28 per share, for a total transaction of $25,944.00. Following the completion of the transaction, the vice president now directly owns 9,400 shares in the company, valued at approximately $106,032. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 19,264 shares of company stock worth $217,298 over the last 90 days.

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.