Virtus Diversified Income & Convertible Fund (NYSE:ACV) Plans Dividend Increase – $0.21 Per Share

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, September 23rd. Stockholders of record on Tuesday, October 13th will be paid a dividend of 0.215 per share by the consumer goods maker on Thursday, October 29th. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Tuesday, October 13th. This is a 19.4% increase from Virtus Diversified Income & Convertible Fund’s previous monthly dividend of $0.18.

Virtus Diversified Income & Convertible Fund Price Performance

ACV stock traded down $0.39 during midday trading on Thursday, reaching $24.86. The company’s stock had a trading volume of 10,283 shares, compared to its average volume of 26,636. The business’s 50-day simple moving average is $26.58 and its 200-day simple moving average is $26.66. Virtus Diversified Income & Convertible Fund has a 52 week low of $23.44 and a 52 week high of $29.04.

About Virtus Diversified Income & Convertible Fund

Virtus Diversified Income & Convertible Fund (NYSE: ACV) is a publicly traded closed-end fund managed by Virtus Investment Advisers, Inc The fund seeks to provide total return through a combination of current income and capital appreciation.

ACV invests in a diversified portfolio of income-producing securities and convertible securities. Its holdings may include convertible bonds and preferred stocks, as well as common stocks and corporate debt securities, including below-investment-grade bonds.