Virtus Diversified Income & Convertible Fund (NYSE:ACV) Declares Monthly Dividend of $0.18

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.18 per share by the consumer goods maker on Monday, December 30th. This represents a $2.16 annualized dividend and a dividend yield of 9.76%. The ex-dividend date of this dividend is Thursday, December 12th.

Virtus Diversified Income & Convertible Fund has decreased its dividend payment by an average of 3.2% per year over the last three years.

Virtus Diversified Income & Convertible Fund Price Performance

Shares of ACV opened at $22.13 on Friday. Virtus Diversified Income & Convertible Fund has a 52-week low of $19.04 and a 52-week high of $24.50. The stock’s 50-day simple moving average is $21.37 and its 200 day simple moving average is $21.25.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.