Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) declared a monthly dividend on Friday, November 22nd,Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.136 per share by the investment management company on Friday, March 28th. This represents a $1.63 annualized dividend and a dividend yield of 44.59%. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Virtus Convertible & Income Fund’s previous monthly dividend of $0.03.
Virtus Convertible & Income Fund has decreased its dividend by an average of 3.8% per year over the last three years.
Virtus Convertible & Income Fund Stock Up 0.5 %
NCV stock opened at $3.66 on Friday. The business has a 50-day moving average of $3.49 and a 200-day moving average of $3.38. Virtus Convertible & Income Fund has a fifty-two week low of $3.02 and a fifty-two week high of $3.68.
Virtus Convertible & Income Fund Company Profile
Virtus Convertible & Income Fund is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.
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