Advent Convertible & Income Fund (AVK) Dividend Analysis
Comprehensive dividend yield, safety, growth, and income analysis for AVK.
Advent Convertible & Income Fund (AVK) pays a high 10.78% dividend yield, or $1.41 per share annually at a stock price of $12.62. The payout ratio of 52% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 1.9x. Dividend growth has been steady, with a 3-year CAGR of 0.9% and a 5-year CAGR of 0.5% (10-year: 2.5%). The most recent ex-dividend date was May 15, 2026.
Dividend Overview
Advent Convertible & Income Fund (AVK) pays a high 10.78% dividend yield, or $1.41 per share annually at a stock price of $12.62.
Dividend Safety
The payout ratio of 52% is well within sustainable levels, leaving room for future increases.
DRIP Projection
$10,000 invested in AVK with dividends reinvested would grow to approximately $28,498 after 10 years, generating roughly $3,239/year in dividend income. This projection assumes the current 10.78% yield and a 0.5% annual dividend growth rate with all dividends reinvested.
| Year | Portfolio Value | Annual Income | Total Return |
|---|---|---|---|
| Year 1 | $11,078 | $1,201 | +11% |
| Year 5 | $16,771 | $1,856 | +68% |
| Year 10 | $28,498 | $3,239 | +185% |
| Year 15 | $49,081 | $5,727 | +391% |
| Year 20 | $85,704 | $10,269 | +757% |
Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.
Payment Schedule
You must own shares before the ex-dividend date to receive the upcoming payment. Payment typically arrives 2-4 weeks after the ex-date.
Frequently Asked Questions
Related Resources
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