Virtus Diversified Income & Convertible Fund (NYSE:ACV) to Issue $0.18 Monthly Dividend

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Friday, August 30th, Wall Street Journal reports. Investors of record on Friday, October 11th will be paid a dividend of 0.18 per share by the consumer goods maker on Wednesday, October 30th. This represents a $2.16 annualized dividend and a yield of 10.11%. The ex-dividend date of this dividend is Friday, October 11th.

Virtus Diversified Income & Convertible Fund has decreased its dividend by an average of 3.2% per year over the last three years.

Virtus Diversified Income & Convertible Fund Stock Performance

Virtus Diversified Income & Convertible Fund stock opened at $21.36 on Friday. Virtus Diversified Income & Convertible Fund has a twelve month low of $16.82 and a twelve month high of $24.50. The company’s 50-day moving average price is $20.86 and its 200-day moving average price is $21.92.

Virtus Diversified Income & Convertible Fund Company Profile

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.