Virtus Diversified Income & Convertible Fund (NYSE:ACV) Declares $0.18 Dividend

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a dividend on Friday, September 13th, investing.com reports. Stockholders 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 dividend yield of 10.26%. The ex-dividend date of this dividend is Friday, September 13th.

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 Price Performance

Shares of ACV traded up $0.17 during trading hours on Friday, reaching $21.05. 25,574 shares of the company traded hands, compared to its average volume of 32,215. Virtus Diversified Income & Convertible Fund has a 12-month low of $16.82 and a 12-month high of $24.50. The business has a fifty day moving average price of $20.88 and a 200-day moving average price of $21.82.

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.