Advent Claymore Convt's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Advent Claymore Convt (NYSE:AVK) announced a monthly dividend of 11.72 cents per share, going ex-dividend on Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the payout on February 29, 2024. The stock is expected to open 11.72 cents lower on the ex-dividend date.
February 09, 2024 | 2:46 pm
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Advent Claymore Convt (AVK) announced a monthly dividend of 11.72 cents per share, with the ex-dividend date set for Wednesday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of AVK is likely to decrease in the short term due to the ex-dividend adjustment, which typically reduces the stock price by the amount of the dividend. This is a common market reaction to account for the payout.
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