Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) announced a monthly dividend on Tuesday, June 11th, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be given a dividend of 0.03 per share by the investment management company on Thursday, August 29th. This represents a $0.36 annualized dividend and a yield of 12.12%. The ex-dividend date of this dividend is Monday, August 12th.
Virtus Convertible & Income Fund II has decreased its dividend by an average of 3.6% per year over the last three years.
Virtus Convertible & Income Fund II Price Performance
Shares of NCZ stock opened at $2.97 on Friday. Virtus Convertible & Income Fund II has a 12-month low of $2.50 and a 12-month high of $3.07. The firm has a fifty day moving average of $2.92 and a 200-day moving average of $2.89.
About Virtus Convertible & Income Fund II
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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