Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) announced a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.50 per share on Friday, March 28th. This represents a $2.00 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Thursday, March 13th.
Virtus Equity & Convertible Income Fund has raised its dividend by an average of 9.6% annually over the last three years.
Virtus Equity & Convertible Income Fund Stock Performance
Virtus Equity & Convertible Income Fund stock opened at $24.13 on Friday. The firm’s fifty day moving average price is $23.29 and its 200-day moving average price is $22.87. Virtus Equity & Convertible Income Fund has a fifty-two week low of $20.10 and a fifty-two week high of $24.21.
About Virtus Equity & Convertible Income Fund
Virtus Equity & Convertible Income Fund is a closed ended equity 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 markets of the United States. The fund invests in stocks of companies operating across diversified sectors.
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