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.
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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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