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

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, September 2nd. Investors of record on Monday, September 14th will be paid a dividend of 0.18 per share by the consumer goods maker on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Monday, September 14th.

Virtus Diversified Income & Convertible Fund Price Performance

Virtus Diversified Income & Convertible Fund stock opened at $26.00 on Thursday. The company’s 50 day simple moving average is $27.22 and its 200-day simple moving average is $26.80. Virtus Diversified Income & Convertible Fund has a 1 year low of $23.07 and a 1 year high of $29.04.

About Virtus Diversified Income & Convertible Fund

Virtus Diversified Income & Convertible Fund (NYSE:ACV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of convertible securities, corporate bonds, dividend-paying common stocks and preferred securities. By blending credit and equity-linked instruments, ACV aims to generate attractive yield while participating in potential upside as issuers’ share prices appreciate.

The fund is managed by Virtus Investment Partners and employs a bottom-up, research-driven process to identify opportunities across sectors and geographies.