Favorable Press Coverage Somewhat Unlikely to Impact Advent Claymore Convertible Sec & Inc Fd (AVK) Stock Price
Press coverage about Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) has been trending positive on Thursday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Advent Claymore Convertible Sec & Inc Fd earned a media sentiment score of 0.43 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 47.0441911583321 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Advent Claymore Convertible Sec & Inc Fd (AVK) opened at $15.76 on Thursday. Advent Claymore Convertible Sec & Inc Fd has a 52-week low of $14.21 and a 52-week high of $16.80.
The company also recently declared a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.116 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date is Thursday, December 14th. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.
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.
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