Advent Convertible and Income Fund (NYSE:AVK) Declares Dividend Increase – $0.12 Per Share

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 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 11.80%. 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 Stock Performance

Shares of NYSE:AVK traded up $0.06 during trading on Wednesday, reaching $11.92. The stock had a trading volume of 184,029 shares, compared to its average volume of 142,474. Advent Convertible and Income Fund has a 1-year low of $10.12 and a 1-year high of $12.97. The business has a fifty day moving average price of $11.67 and a 200-day moving average price of $12.00.

Insider Transactions at Advent Convertible and Income Fund

In other Advent Convertible and Income Fund news, CEO Tracy V. Maitland purchased 13,179 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were purchased at an average cost of $11.28 per share, for a total transaction of $148,659.12. Following the completion of the transaction, the chief executive officer now owns 45,449 shares of the company’s stock, valued at $512,664.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Tracy V. Maitland acquired 13,179 shares of Advent Convertible and Income Fund stock in a transaction that occurred on Thursday, October 17th. The shares were purchased at an average price of $11.28 per share, for a total transaction of $148,659.12. Following the completion of the transaction, the chief executive officer now owns 45,449 shares in the company, valued at $512,664.72. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Tony Huang bought 2,300 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was bought 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 directly owns 9,400 shares in the company, valued at approximately $106,032. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 19,264 shares of company stock valued at $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.