Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report) announced a monthly dividend on Thursday, June 6th, Wall Street Journal reports. Stockholders of record on Thursday, July 11th will be given a dividend of 0.18 per share by the consumer goods maker on Tuesday, July 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.12%. The ex-dividend date of this dividend is Thursday, July 11th.
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
NYSE ACV opened at $21.34 on Wednesday. The company has a 50 day simple moving average of $21.55 and a 200-day simple moving average of $22.15. Virtus Diversified Income & Convertible Fund has a 52-week low of $16.82 and a 52-week high of $24.50.
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.
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