Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) announced a monthly dividend on Monday, November 25th,Wall Street Journal reports. Investors of record on Thursday, March 13th will be given a dividend of 0.136 per share by the investment management company on Friday, March 28th. This represents a $1.63 annualized dividend and a yield of 44.77%. The ex-dividend date is Thursday, March 13th.
Virtus Convertible & Income Fund has decreased its dividend by an average of 3.8% annually over the last three years.
Virtus Convertible & Income Fund Stock Down 0.4 %
Shares of NYSE:NCV opened at $3.65 on Wednesday. Virtus Convertible & Income Fund has a 1-year low of $3.02 and a 1-year high of $3.69. The firm’s 50 day simple moving average is $3.50 and its two-hundred day simple moving average is $3.39.
About Virtus Convertible & Income Fund
Virtus Convertible & Income Fund is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.
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