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Advent Convertible &ome Fund (Advent Convertible &ome Fund) 3-Year Dividend Growth Rate : 0.00% (As of Oct. 2023)


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What is Advent Convertible &ome Fund 3-Year Dividend Growth Rate?

Advent Convertible &ome Fund's Dividends per Share for the six months ended in Oct. 2023 was $0.70.

The historical rank and industry rank for Advent Convertible &ome Fund's 3-Year Dividend Growth Rate or its related term are showing as below:

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Advent Convertible &ome Fund was 4.20% per year. The lowest was 0.10% per year. And the median was 2.15% per year.

AVK's 3-Year Dividend Growth Rate is not ranked *
in the Asset Management industry.
Industry Median: 1.7
* Ranked among companies with meaningful 3-Year Dividend Growth Rate only.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Advent Convertible &ome Fund's Dividend Payout Ratio for the six months ended in Oct. 2023 was 0.00. As of today, Advent Convertible &ome Fund's Dividend Yield % is 12.12%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Advent Convertible &ome Fund's 3-Year Dividend Growth Rate

For the Asset Management subindustry, Advent Convertible &ome Fund's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Advent Convertible &ome Fund's 3-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Advent Convertible &ome Fund's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Advent Convertible &ome Fund's 3-Year Dividend Growth Rate falls into.



Advent Convertible &ome Fund 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Advent Convertible &ome Fund  (NYSE:AVK) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Advent Convertible &ome Fund's Dividend Payout Ratio for the quarter that ended in Oct. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Oct. 2023 )/ EPS without NRI (Q: Oct. 2023 )
=0.703/ -0.837
=N/A

During the past 7 years, the highest Dividend Payout Ratio of Advent Convertible &ome Fund was 1.24. The lowest was 0.26. And the median was 0.70.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Advent Convertible &ome Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1172024-04-122024-04-152024-04-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172024-03-142024-03-152024-03-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172024-02-142024-02-152024-02-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172024-01-112024-01-122024-01-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172023-12-142023-12-152023-12-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172023-11-142023-11-152023-11-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172023-10-122023-10-132023-10-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172023-09-142023-09-152023-09-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172023-08-142023-08-152023-08-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172023-07-132023-07-142023-07-31Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172023-06-142023-06-152023-06-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1172023-05-122023-05-152023-05-31Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Advent Convertible &ome Fund's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.404/11.6047
=12.10 %

Current Share Price is $11.6047.
Advent Convertible &ome Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.404.

During the past 7 years, the highest Dividend Yield of Advent Convertible &ome Fund was 15.17%. The lowest was 7.15%. And the median was 9.65%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Advent Convertible &ome Fund 3-Year Dividend Growth Rate Related Terms>


Advent Convertible &ome Fund (Advent Convertible &ome Fund) Business Description

Traded in Other Exchanges
N/A
Address
888 Seventh Avenue, 31st Floor, New York, NY, USA, 10019
Advent Convertible & 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. The Fund invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.
Executives
Tracy V Maitland officer: President, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Nancy E. Stuebe director, other: Trustee 227 W MONROE STREET, CHICAGO IL 60606
Advent Capital Management /de/ other: Investment Manager 888 SEVENTH AVENUE, 31ST FLOOR, NEW YORK NY 10019
Stephen Ellwood officer: CCO & Secretary 888 SEVENTH STREET, 31ST FLOOR, NEW YORK NY 10019
Olin Kathleen Capital Management officer: CCO and Secretary 888 7TH AVENUE 31ST FLOOR, NEW YORK NY 10019
Randall C Barnes director, other: Trustee 2455 CORPORATE WEST DRIVE, LISLE IL 60187
Gerald L Seizert director, other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Michael A Smart other: Trustee 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Derek Medina director ABC NEWS, 47 WEST 66TH STREET, NEW YORK NY 100123
Tony Huang officer: V.P. & Assistant Secretary 227 WEST MONROE STREET, CHICAGO IL 60606
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Daniel Black director, other: Trustee C/O ADVENT CAPITAL MANAGEMENT, LLC, 1065 AVENUE OF THE AMERICAS, 31ST FLOOR, NEW YORK NY 10018
Ronald Nyberg director 10865 AVENUE OF THE AMERICAS,, 31ST FLOOR, NEW YORK NY 10018
Doug Teresko other: Managing Director 1271 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10020

Advent Convertible &ome Fund (Advent Convertible &ome Fund) Headlines