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

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Friday, October 1st, Zacks reports. Investors of record on Friday, October 15th will be given a dividend of 0.117 per share by the investment management company on Friday, October 29th. This represents a $1.40 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Thursday, October 14th.

Advent Convertible and Income Fund has raised its dividend by 9.3% over the last three years and has increased its dividend every year for the last 1 years.

NYSE AVK opened at $18.84 on Wednesday. The firm has a 50-day simple moving average of $18.97 and a 200 day simple moving average of $18.85. Advent Convertible and Income Fund has a twelve month low of $13.47 and a twelve month high of $19.91.

An institutional investor recently raised its position in Advent Convertible and Income Fund stock. Morgan Stanley raised its position in shares of Advent Convertible and Income Fund (NYSE:AVK) by 12.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 490,096 shares of the investment management company’s stock after buying an additional 55,069 shares during the period. Morgan Stanley’s holdings in Advent Convertible and Income Fund were worth $9,444,000 as of its most recent filing with the Securities and Exchange Commission.

Advent Convertible and Income Fund Company Profile

Advent Convertible & Income Fund operates as a closed-end investment fund. It focuses on convertible securities and non-convertible income securities. The company was founded on February 19, 2003 and is headquartered in New York, NY.

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Dividend History for Advent Convertible and Income Fund (NYSE:AVK)

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