Advent Convertible and Income Fund (AVK) Dividend
Advent Convertible and Income Fund (AVK) currently pays a dividend yield of 12.72%, distributing $1.40 per share annually ($0.12 per month). The company operates in the Financial Services sector.
AVK has raised its dividend for 2 consecutive years.
AVK dividend at a glance
| Dividend Yield | 12.72% |
|---|---|
| Annual Dividend | $1.40 per share |
| Per Payment | $0.12 |
| Payout Frequency | Monthly |
| Payments per Year | 12 |
| Next Ex-Dividend Date | November 13, 2026 |
| Next Payment Date | October 30, 2026 |
| Payout Ratio | 43% |
| Consecutive Years of Dividend Growth | 2 |
| Sector | Financial Services |
| Implied Share Price (from yield) | $11.04 |
What AVK pays on a $10,000 investment
At a 12.72% yield, $10,000 invested in AVK generates about $1,272.00 per year, or roughly $106.00 every month. Share counts below use an implied price of $11.04, derived from the $1.40 annual dividend and the 12.72% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Month |
|---|---|---|---|
| $1,000 | 90.6 | $127.20 | $10.60 |
| $5,000 | 453 | $636.00 | $53.00 |
| $10,000 | 906 | $1,272.00 | $106.00 |
| $25,000 | 2,265 | $3,180.00 | $265.00 |
| $100,000 | 9,059.8 | $12,720.00 | $1,060.00 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each month — see how the dividend snowball compounds.
AVK dividend payment schedule
AVK pays on a monthly schedule — 12 payments a year. The next confirmed ex-dividend date is November 13, 2026, with payment on October 30, 2026. Later rows are projected forward at the same interval and will shift when Advent Convertible and Income Fund declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| November 13, 2026 | October 30, 2026 | $0.12 | Confirmed |
| December 13, 2026 | November 29, 2026 | $0.12 | Projected |
| January 13, 2027 | December 30, 2026 | $0.12 | Projected |
| February 13, 2027 | January 30, 2027 | $0.12 | Projected |
| March 13, 2027 | February 27, 2027 | $0.12 | Projected |
| April 13, 2027 | March 30, 2027 | $0.12 | Projected |
To collect a AVK dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How AVK's dividend compares
Across the 1000 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.57%. AVK's 12.72% is 9.15 percentage points above that median, ranking 196th of 1000 by yield.
Within Financial Services, where we track 157 names, the median yield is 9.52% — putting AVK above its sector. A yield well above the sector norm is worth a second look: it can signal a depressed share price rather than a generous payout.
Its 2-year run of dividend increases ranks 382nd out of the 553 names in our data with an active growth streak.
What the numbers mean
AVK pays out roughly 43% of its earnings as dividends. That sits in the range income investors generally consider healthy and sustainable for a mature business.
AVK pays monthly, which suits investors who want dividend income to line up with monthly living expenses rather than arriving in quarterly lumps.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
AVK dividend FAQ
When is the next AVK ex-dividend date?
The next AVK ex-dividend date is November 13, 2026, with the payment scheduled for October 30, 2026. You must own shares before the ex-dividend date to receive that payment.
What is AVK's dividend yield?
AVK currently yields 12.72%, based on $1.40 in dividends per share over the past year.
How often does AVK pay dividends?
AVK pays monthly, which works out to 12 payments per year of about $0.12 per share.
How much dividend income would $10,000 of AVK generate?
At the current 12.72% yield, $10,000 invested in AVK would produce roughly $1,272.00 per year, or about $106.00 per month, before taxes and assuming the dividend holds.
Has AVK increased its dividend?
Yes — AVK has raised its dividend for 2 consecutive years.
AVK dividend history
DivTrkr holds 288 recorded AVK dividend payments going back to 2003, with 1 consecutive complete year of increases and +0.5% a year of growth over the last five complete years. See the full AVK dividend history — every payment, annual totals and growth by year.
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Track AVK dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.