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

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Monday, March 10th, Wall Street Journal reports. Stockholders of record on Thursday, June 12th will be paid a dividend of 0.18 per share by the consumer goods maker on Friday, June 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.39%. The ex-dividend date is Thursday, June 12th.

Virtus Diversified Income & Convertible Fund has decreased its dividend by an average of 34.8% annually over the last three years.

Virtus Diversified Income & Convertible Fund Price Performance

ACV opened at $20.79 on Monday. The company’s 50 day moving average is $22.28 and its 200 day moving average is $21.90. Virtus Diversified Income & Convertible Fund has a 12-month low of $19.57 and a 12-month high of $24.50.

About Virtus Diversified Income & Convertible Fund

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.