Advent Convertible and Income Fund
AVKFinancial Services · Stock · monthly payer
Forward Yield
10.95%
Annual Dividend
$1.41
Payout Ratio
52%
5-Yr Growth
0.5%
Ex-Date
Jun 15, 2026
Frequency
Monthly
Summary
As of June 2026, Advent Convertible and Income Fund (AVK) yields 10.95% ($1.41 per share annually), with a blended fair-value estimate of $19.50 — +52% upside, so it screens as undervalued. Dividend safety grade: A (86/100). 2 years of dividend growth.
Is AVK a good dividend stock?
YesAdvent Convertible and Income Fund (AVK) pays a monthly dividend yielding 10.95% ($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 (52%)
- 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
- 10.95%
- Payout Ratio
- 52%
- Annual Dividend
- $1.41
- 5-Yr Avg Growth
- 0.5%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 1.29
- Market Cap
- $566.9M
- P/E Ratio
- 4.8
- 5-Yr Total Return
- -32%
- 52-Week Range
- $10.77 – $13.28
- Dividend Safety
- A · 86/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
AVK Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+13%
5 Years
-32%
52-Week Range
$10.77 – $13.28
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AVK worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Advent Convertible and Income Fund is $19.50 per share, versus a market price of $12.84. That implies 52% of upside — a margin of safety of about 34%.
Fair Value
$19.50
Current Price
$12.84
Upside
+52%
Margin of Safety
34%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 16.0% annual free-cash-flow growth. We model 0.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.8% discount rate (CAPM), 0.5% stage-1 growth, 2.5% terminal growth, $2.69 EPS, $1.41 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AVK Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $0.1170 | regular |
| Apr 15, 2026 | — | $0.1170 | regular |
| Mar 13, 2026 | — | $0.1170 | regular |
| Feb 13, 2026 | — | $0.1170 | regular |
| Jan 15, 2026 | — | $0.1170 | regular |
| Dec 15, 2025 | — | $0.1170 | regular |
| Nov 14, 2025 | — | $0.1170 | regular |
| Oct 15, 2025 | — | $0.1170 | regular |
| Sep 15, 2025 | — | $0.1170 | regular |
| Aug 15, 2025 | — | $0.1170 | regular |
| Jul 15, 2025 | — | $0.1170 | regular |
| Jun 13, 2025 | — | $0.1170 | regular |
| May 15, 2025 | — | $0.1170 | regular |
| Apr 15, 2025 | — | $0.1170 | regular |
Income Calculator
At $1.41 / yr per share
