Looking at the universe of stocks we cover at Dividend Channel, on 6/12/13, Advent Claymore Convertible Securities and Income Fund (AVK) will trade ex-dividend, for its monthly dividend of $0.0939, payable on 6/28/13. As a percentage of AVK's recent stock price of $17.53, this dividend works out to approximately 0.54%, so look for shares of Advent Claymore Convertible Securities and Income Fund to trade 0.54% lower — all else being equal — when AVK shares open for trading on 6/12/13.
Below is a dividend history chart for AVK, showing historical dividends prior to the most recent $0.0939 declared by Advent Claymore Convertible Securities and Income Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from AVK is likely to continue, and whether the current estimated yield of 6.43% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of AVK shares, versus its 200 day moving average:Looking at the chart above, AVK's low point in its 52 week range is $14.83 per share, with $18.75 as the 52 week high point — that compares with a last trade of $17.52.
In Monday trading, Advent Claymore Convertible Securities and Income Fund shares are currently down about 1.2% on the day.