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

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.18 per share by the consumer goods maker on Friday, March 28th. This represents a $2.16 annualized dividend and a yield of 9.76%. The ex-dividend date of this dividend is Thursday, March 13th.

Virtus Diversified Income & Convertible Fund has decreased its dividend payment by an average of 3.2% annually over the last three years.

Virtus Diversified Income & Convertible Fund Stock Up 0.6 %

NYSE:ACV traded up $0.14 during mid-day trading on Thursday, hitting $22.14. The stock had a trading volume of 17,182 shares, compared to its average volume of 32,660. The stock has a 50-day simple moving average of $21.37 and a two-hundred day simple moving average of $21.25. Virtus Diversified Income & Convertible Fund has a twelve month low of $19.04 and a twelve month high of $24.50.

About Virtus Diversified Income & Convertible Fund

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.