Advent Claymore Convertible Sec & Inc Fd (AVK) Declares Monthly Dividend of $0.12

Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) announced a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 14th will be paid a dividend of 0.1172 per share by the investment management company on Monday, December 31st. This represents a $1.41 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.

Advent Claymore Convertible Sec & Inc Fd has increased its dividend by an average of 4.5% per year over the last three years.

Advent Claymore Convertible Sec & Inc Fd stock traded down $0.17 during midday trading on Tuesday, reaching $13.81. The company’s stock had a trading volume of 207,288 shares, compared to its average volume of 86,635. Advent Claymore Convertible Sec & Inc Fd has a 52-week low of $13.14 and a 52-week high of $16.50.

In other Advent Claymore Convertible Sec & Inc Fd news, insider Tracy V. Maitland purchased 50,000 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was bought at an average cost of $15.68 per share, for a total transaction of $784,000.00. Following the completion of the purchase, the insider now owns 12,000 shares in the company, valued at approximately $188,160. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tracy V. Maitland purchased 12,000 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was acquired at an average price of $15.71 per share, with a total value of $188,520.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 114,066 shares of company stock valued at $1,769,814.

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About Advent Claymore Convertible Sec & Inc Fd

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.

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Dividend History for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

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