Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) Increases Dividend to $0.12 Per Share

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Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) declared a monthly dividend on Monday, June 3rd, NASDAQ reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.117 per share by the investment management company on Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09.

Advent Claymore Convertible Sec & Inc Fd has raised its dividend payment by an average of 10.8% annually over the last three years.

Shares of NYSE AVK traded down $0.02 during midday trading on Wednesday, reaching $14.88. 982 shares of the stock traded hands, compared to its average volume of 106,137. Advent Claymore Convertible Sec & Inc Fd has a one year low of $12.07 and a one year high of $15.89.

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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.

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

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