Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) declared a monthly dividend on Thursday, November 1st, NASDAQ reports. Stockholders of record on Thursday, November 15th will be paid a dividend of 0.117 per share by the investment management company on Friday, November 30th. This represents a $1.40 annualized dividend and a dividend yield of 9.78%. The ex-dividend date of this dividend is Wednesday, November 14th. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09.
Advent Claymore Convertible Sec & Inc Fd has increased its dividend payment by an average of 4.5% annually over the last three years.
Shares of AVK stock traded down $0.15 on Friday, hitting $14.35. 12,397 shares of the stock traded hands, compared to its average volume of 81,999. Advent Claymore Convertible Sec & Inc Fd has a twelve month low of $13.60 and a twelve month high of $16.50.
Advent Claymore Convertible Sec & Inc Fd 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.
See Also: Exchange-Traded Funds (ETFs)
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