Virtus Convertible & Income Fund (NYSE:NCV) to Issue Monthly Dividend of $0.14

Virtus Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Wednesday, March 4th. Shareholders of record on Monday, May 11th will be paid a dividend of 0.136 per share by the investment management company on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Monday, May 11th.

Virtus Convertible & Income Fund Stock Down 0.8%

NYSE:NCV opened at $16.15 on Thursday. Virtus Convertible & Income Fund has a fifty-two week low of $11.51 and a fifty-two week high of $16.70. The firm’s fifty day simple moving average is $15.95 and its 200-day simple moving average is $15.44.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.