SmarterDividends
AVK

Advent Convertible and Income Fund

AVK

Financial Services · Asset Management · Stock · monthly payer

$11.20

Undervalued · +91% Add to Portfolio

Forward Yield

12.64%

Annual Dividend

$1.41

Payout Ratio

43%

5-Yr Growth

0.5%

Ex-Date

Oct 15, 2026

Frequency

Monthly

Key facts about AVK's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 30, 2026, Advent Convertible and Income Fund (AVK) has a forward dividend yield of 12.64%, based on an annual dividend of $1.41 per share and a share price of $11.20.
  • As of Oct 30, 2026, AVK's dividend safety grade from SmarterDividends is A (87 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Advent Convertible and Income Fund (AVK) has raised its dividend for 2 consecutive years as of Oct 30, 2026.
  • AVK last cut its regular dividend in 2009.
  • AVK's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.12 per share.
  • As of Oct 30, 2026, AVK pays out 43% of its trailing 12-month earnings as dividends (its payout ratio).
  • AVK's dividend has grown at an average rate of 0.5% a year over the past five years.
  • As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for AVK is $21.41 per share, 91% above the $11.20 share price, so AVK screens as undervalued.
  • Advent Convertible and Income Fund (AVK) pays its dividend monthly, 12 times a year.
  • Advent Convertible and Income Fund (AVK) has raised its regular dividend 7 times and cut it 1 time across the 288 payments on record since 2003. Its most recent change was a 2.7% increase to $0.117 per share, going ex-dividend on Oct 2, 2024. The last cut went ex-dividend on Dec 11, 2008.
Cite this page

SmarterDividends, "AVK Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/AVK

Summary

As of Oct 30, 2026, Advent Convertible and Income Fund (AVK) yields 12.64% ($1.41 a year per share), has a dividend safety grade of A (87/100) and has 2 consecutive years of dividend increases on record.

Is AVK a good dividend stock?

Yes

Advent Convertible and Income Fund (AVK) pays a monthly dividend yielding 12.64% ($1.41/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Comfortable payout ratio (43%)
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2009
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
12.64%
Payout Ratio
43%
Annual Dividend
$1.41
5-Yr Avg Growth
0.5%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
2
Frequency
monthly
Beta
1.32
Market Cap
$494.5M
P/E Ratio
3.5
5-Yr Total Return
-37%
52-Week Range
$10.73 – $13.28
Dividend Safety
A · 87/100
Ever Cut?
Yes (2009)

AVK dividend raises and cuts

Advent Convertible and Income Fund (AVK) has raised its regular dividend 7 times and cut it 1 time across the 288 payments on record since 2003. Its most recent change was a 2.7% increase to $0.117 per share, going ex-dividend on Oct 2, 2024. The last cut went ex-dividend on Dec 11, 2008.

Ex-dateChangeOld → newMove
Oct 2, 2024Raise$0.114 → $0.117+2.7%
Feb 14, 2018Raise$0.113 → $0.114+0.9%
Dec 14, 2017Raise$0.112 → $0.113+0.9%
Oct 12, 2017Raise$0.111 → $0.112+0.9%
Aug 11, 2017Raise$0.110 → $0.111+0.9%
Jul 12, 2017Raise$0.109 → $0.110+0.9%
May 11, 2017Raise$0.0915 → $0.109+19.1%
Dec 11, 2008Cut$0.167 → $0.0915−45.3%
Every AVK payment →Download every raise and cut (CSV)
AVK ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →AVK dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is AVK a good dividend stock?

Yes. Advent Convertible and Income Fund (AVK) pays a monthly dividend yielding 12.64% ($1.41/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is AVK undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AVK's fair value is about $21.41 versus a $11.20 share price — so it looks undervalued (+91% vs. fair value).

Is AVK's dividend safe?

AVK has a dividend-safety grade of A (87/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2009, debt and yield-versus-history.

What is AVK's fair value?

Our blended fair-value estimate for AVK is about $21.41 per share, roughly 91% above the current $11.20 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is AVK a buy, hold, or sell?

We don't issue formal ratings, but on the data AVK screens as "yes" and undervalued. Advent Convertible and Income Fund (AVK) pays a monthly dividend yielding 12.64% ($1.41/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will AVK cut its dividend?

AVK earns a dividend-safety grade of A (87/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does AVK pay a dividend?

Yes. Advent Convertible and Income Fund pays a monthly dividend of about $1.41 per share annually, a forward yield of roughly 12.64%.

What is AVK's dividend yield?

As of Oct 30, 2026, AVK's forward dividend yield is 12.64%, based on a $1.41 annual dividend and a $11.20 share price.

What is AVK's dividend per share?

As of Oct 30, 2026, AVK pays $1.41 per share per year, distributed on a monthly basis.

What is AVK's dividend payout ratio?

As of Oct 30, 2026, AVK's payout ratio is 43% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has AVK grown its dividend?

As of Oct 30, 2026, AVK has increased its dividend for 2 consecutive years.

When is the next AVK ex-dividend date?

As of Oct 30, 2026, AVK's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.12 per share.

Income Calculator

At $1.41 / yr per share

Per payment (monthly)$11.75
Annual$141.00
Monthly avg$11.75

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