Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) declared a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Monday, January 13th will be paid a dividend of 0.03 per share by the investment management company on Thursday, January 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 11.61%. The ex-dividend date is Monday, January 13th.
Virtus Convertible & Income Fund II has decreased its dividend by an average of 4.4% annually over the last three years.
Virtus Convertible & Income Fund II Price Performance
Shares of NCZ opened at $3.10 on Friday. Virtus Convertible & Income Fund II has a one year low of $2.70 and a one year high of $3.36. The stock has a 50-day moving average price of $3.20 and a 200 day moving average price of $3.07.
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.
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