Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) announced a monthly dividend on Monday, June 10th, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be given a dividend of 0.034 per share by the investment management company on Thursday, August 29th. This represents a $0.41 annualized dividend and a yield of 12.00%. The ex-dividend date of this dividend is Monday, August 12th.
Virtus Convertible & Income Fund has decreased its dividend payment by an average of 3.8% per year over the last three years.
Virtus Convertible & Income Fund Stock Performance
Shares of NYSE:NCV opened at $3.40 on Friday. The business has a fifty day moving average price of $3.31 and a 200-day moving average price of $3.26. Virtus Convertible & Income Fund has a 1-year low of $2.84 and a 1-year high of $3.47.
About Virtus Convertible & Income Fund
Virtus Convertible & Income Fund 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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