Virtus Convertible & Income Fund Declares Monthly Dividend of $0.03 (NYSE:NCV)

Virtus Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Monday, January 13th will be given a dividend of 0.034 per share by the investment management company on Thursday, January 30th. This represents a $0.41 dividend on an annualized basis and a yield of 11.21%. The ex-dividend date of this dividend is Monday, January 13th.

Virtus Convertible & Income Fund has decreased its dividend by an average of 3.8% per year over the last three years.

Virtus Convertible & Income Fund Stock Up 1.7 %

Shares of NYSE NCV opened at $3.64 on Friday. Virtus Convertible & Income Fund has a 1 year low of $3.02 and a 1 year high of $3.65. The stock’s 50-day simple moving average is $3.49 and its 200-day simple moving average is $3.38.

Virtus Convertible & Income Fund Company Profile

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.