Advent Claymore Convertible Sec & Inc Fd (AVK) to Issue Monthly Dividend of $0.11 on September 29th

Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) declared a monthly dividend on Friday, September 1st, NASDAQ reports. Investors of record on Friday, September 15th will be given a dividend of 0.114 per share by the investment management company on Friday, September 29th. This represents a $1.37 annualized dividend and a yield of 8.53%. The ex-dividend date is Thursday, September 14th. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.11.

Advent Claymore Convertible Sec & Inc Fd (AVK) traded up 0.25% during trading on Wednesday, reaching $16.07. The company had a trading volume of 34,210 shares. Advent Claymore Convertible Sec & Inc Fd has a 12-month low of $13.33 and a 12-month high of $16.80. The stock has a 50 day moving average of $16.23 and a 200-day moving average of $15.99.

In other Advent Claymore Convertible Sec & Inc Fd news, major shareholder Saba Capital Management, L.P. sold 63,836 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $16.59, for a total value of $1,059,039.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 267,505 shares of company stock valued at $4,343,291.

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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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