Advent Convertible and Income Fund declares $0.1172 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2025
0mins
Source: SeekingAlpha
Dividend Declaration: Advent Convertible and Income Fund (AVK) has declared a monthly dividend of $0.1172 per share, with a forward yield of 11.58%.
Payment Details: The dividend is payable on July 31 to shareholders of record as of July 15, with the ex-dividend date also on July 15.
Analyst Views on AVK
Wall Street analysts forecast AVK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 12.720
Low
Averages
High
Current: 12.720
Low
Averages
High
No data
About AVK
Advent Convertible and Income Fund (the 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. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will invest at least 30% of its managed assets in convertible securities and up to 70% of its managed assets in non-convertible income securities. The Fund may invest without limitation in securities of foreign issuers. Fund invests in various sectors, such as technology, financial, communications, energy, basic materials and other. The investment advisor of the Fund is Advent Capital Management, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
