Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) announced a monthly dividend on Monday, March 10th, Wall Street Journal reports. Shareholders of record on Thursday, June 12th will be paid a dividend of 0.136 per share by the investment management company on Friday, June 27th. This represents a $1.63 dividend on an annualized basis and a yield of 12.58%. The ex-dividend date is Thursday, June 12th.
Virtus Convertible & Income Fund has decreased its dividend by an average of 7.2% annually over the last three years.
Virtus Convertible & Income Fund Trading Down 2.0 %
NYSE NCV opened at $12.98 on Tuesday. Virtus Convertible & Income Fund has a one year low of $12.06 and a one year high of $14.92. The stock has a 50 day moving average price of $14.02 and a 200-day moving average price of $14.04.
About Virtus Convertible & Income Fund
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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