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

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Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) declared a monthly dividend on Wednesday, September 5th, Wall Street Journal reports. Shareholders of record on Friday, September 14th will be given a dividend of 0.1172 per share by the investment management company on Friday, September 28th. This represents a $1.41 annualized dividend and a yield of 8.97%. The ex-dividend date of this dividend is Thursday, September 13th.

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

NYSE AVK opened at $15.68 on Thursday. Advent Claymore Convertible Sec & Inc Fd has a 1-year low of $14.62 and a 1-year high of $16.50.

In other news, VP Tony Huang bought 2,066 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was bought at an average cost of $15.66 per share, with a total value of $32,353.56. Following the transaction, the vice president now directly owns 7,100 shares in the company, valued at approximately $111,186. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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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