Virtus Diversified Income & Convertible Fund (ACV) to Issue Dividend of $0.18 on September 26th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a dividend on Thursday, September 12th, investing.com reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.18 per share by the consumer goods maker on Thursday, September 26th. This represents a yield of 10.27%. The ex-dividend date is Friday, September 13th.

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

Virtus Diversified Income & Convertible Fund Stock Performance

Shares of ACV traded up $0.03 during midday trading on Thursday, hitting $21.06. 18,173 shares of the company’s stock traded hands, compared to its average volume of 32,253. Virtus Diversified Income & Convertible Fund has a 1 year low of $16.82 and a 1 year high of $24.50. The firm’s fifty day moving average is $20.88 and its 200-day moving average is $21.83.

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.