Virtus Convertible & Income Fund II (NCZ) To Go Ex-Dividend on March 13th

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Friday, November 22nd, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.12 per share by the investment management company on Friday, March 28th. This represents a $1.44 annualized dividend and a dividend yield of 12.26%. The ex-dividend date of this dividend is Thursday, March 13th. This is a 300.0% increase from Virtus Convertible & Income Fund II’s previous monthly dividend of $0.03.

Virtus Convertible & Income Fund II has decreased its dividend by an average of 7.2% per year over the last three years.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ stock opened at $11.75 on Tuesday. Virtus Convertible & Income Fund II has a 12-month low of $10.80 and a 12-month high of $13.44. The firm has a fifty day moving average of $12.72 and a 200-day moving average of $12.60.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II 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.