Advent Convertible and Income Fund

Advent Convertible and Income Fundverified

AVK

Price:

$12.15

Market Cap:

$420.31M

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. The fund invests approximately 60% of its portfolio in convertible securities and rest in lower-grade non-convertible income securities. It employs fundamental analysis to create its portfolio. Advent Claymore Convertible Securities and Income Fund was formed on April 29, 2003 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2003-04-30

Stock Exchange

NYSE

Ticker

AVK

The Dividend Yield as of September 2024 (TTM) for Advent Convertible and Income Fund (AVK) is 11.57%

According to Advent Convertible and Income Fund’s latest financial reports and current stock price. The company's current Dividend Yield is 11.57%. This represents a change of 137.53% compared to the average of 4.87% of the last 4 quarters.

Advent Convertible and Income Fund (AVK) Historical Dividend Yield (quarterly & annually)

How has AVK Dividend Yield performed in the past?

The mean historical Dividend Yield of Advent Convertible and Income Fund over the last ten years is 9.43%. The current 11.57% Dividend Yield has changed 22.71% with respect to the historical average. Over the past ten years (40 quarters), AVK's Dividend Yield was at its highest in in the April 2022 quarter at 14.31%. The Dividend Yield was at its lowest in in the January 2024 quarter at 0%.

Quarterly (TTM)
Annual

Average

9.43%

Median

7.86%

Minimum

0.03%

Maximum

23.54%

Advent Convertible and Income Fund (AVK) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Advent Convertible and Income Fund Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 26.55%

Maximum Annual Dividend Yield = 23.54%

Minimum Annual Increase = -99.64%

Minimum Annual Dividend Yield = 0.03%

Quarterly (TTM)
Annual
YearDividend YieldChange
202314.84%-36.97%
202223.54%221.64%
20217.32%-29.14%
202010.33%8.59%
20199.51%45.17%
20186.55%-15.39%
20177.74%26.55%
20160.03%-99.64%
20157.97%22.72%
20146.50%2.17%

Advent Convertible and Income Fund (AVK) Average Dividend Yield

How has AVK Dividend Yield performed in the past?

The current Dividend Yield of Advent Convertible and Income Fund (AVK) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

15.23%

5-year avg

13.10%

10-year avg

9.43%

Advent Convertible and Income Fund (AVK) Dividend Yield vs. Peers

How is AVK’s Dividend Yield compared to its peers?

Advent Convertible and Income Fund’s Dividend Yield is greater than Nuveen Short Duration Credit Opportunities Fund (0%), less than Nuveen Global High Income Fund (9.54%), greater than Nuveen Senior Income Fund (0%), less than Blackstone/GSO Strategic Credit Fund (9.43%), less than Thornburg Income Builder Opportunities Trust (7.07%), less than Western Asset Diversified Income Fund (10.98%), less than Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (8.21%), less than Cohen & Steers Real Estate Opportunities Income Fund (7.56%), less than Legg Mason BW Global Income Opportunities Fund Inc. (10.78%), less than Western Asset Global High Income Fund Inc. (11.67%), less than Pioneer Floating Rate Fund, Inc. (10.18%), less than Nuveen Core Equity Alpha Fund (8.47%), less than BlackRock MuniHoldings Fund, Inc. (4.66%), less than DTF Tax-Free Income 2028 Term Fund Inc. (3.45%), less than John Hancock Income Securities Trust (4.03%), less than MFS Investment Grade Municipal Trust (3.91%), less than Virtus Convertible & Income 2024 Target Term Fund (3.68%), less than Nuveen Taxable Municipal Income Fund (8.54%), less than BlackRock Taxable Municipal Bond Trust (6.16%), less than DWS Municipal Income Trust (5.33%), less than Eaton Vance Senior Income Trust (11.50%),

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Frequently asked questions❓

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What is the 3-year average Dividend Yield for Advent Convertible and Income Fund (AVK)?

What is the 5-year average Dividend Yield for Advent Convertible and Income Fund (AVK)?

How does the current Dividend Yield for Advent Convertible and Income Fund (AVK) compare to its historical average?