Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) announced a quarterly dividend on Thursday, November 21st, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.50 per share on Friday, March 28th. This represents a $2.00 annualized dividend and a yield of 8.98%. The ex-dividend date of this dividend is Thursday, March 13th.
Virtus Equity & Convertible Income Fund has raised its dividend payment by an average of 9.6% per year over the last three years.
Virtus Equity & Convertible Income Fund Stock Performance
NIE stock opened at $22.28 on Tuesday. Virtus Equity & Convertible Income Fund has a 52-week low of $20.75 and a 52-week high of $25.44. The stock’s 50 day moving average is $24.46 and its two-hundred day moving average is $23.84.
Virtus Equity & Convertible Income Fund Company Profile
Virtus Equity & Convertible Income Fund is a closed ended equity 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 markets of the United States. The fund invests in stocks of companies operating across diversified sectors.
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