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

Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.116 per share by the investment management company on Friday, December 29th. This represents a $1.39 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.

Advent Claymore Convertible Sec & Inc Fd (NYSE AVK) traded down $0.01 during midday trading on Thursday, reaching $15.82. The company had a trading volume of 88,500 shares, compared to its average volume of 87,531. Advent Claymore Convertible Sec & Inc Fd has a 1-year low of $14.41 and a 1-year high of $16.80.

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Advent Claymore Convertible Sec & Inc Fd Company Profile

Advent Claymore Convertible Securities and Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund invests approximately 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities.

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

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