Advent Convertible and Income Fund (AVK) to Issue Monthly Dividend of $0.12 on November 29th

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 11.84%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Advent Convertible and Income Fund’s previous monthly dividend of $0.09.

Advent Convertible and Income Fund Price Performance

Shares of Advent Convertible and Income Fund stock traded up $0.02 on Wednesday, reaching $11.88. 209,725 shares of the company’s stock were exchanged, compared to its average volume of 142,491. Advent Convertible and Income Fund has a 52 week low of $10.12 and a 52 week high of $12.97. The firm’s 50-day moving average is $11.67 and its two-hundred day moving average is $12.00.

Insider Buying and Selling

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

About Advent Convertible and Income Fund

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.