Virtus Convertible & Income Fund (NYSE:NCV) Plans Monthly Dividend of $0.03

Virtus Convertible & Income Fund (NYSE:NCVGet Free Report) declared a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Monday, February 12th will be given a dividend of 0.034 per share by the investment management company on Wednesday, February 28th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 12.33%. The ex-dividend date of this dividend is Friday, February 9th.

Virtus Convertible & Income Fund has decreased its dividend payment by an average of 7.1% annually over the last three years.

Virtus Convertible & Income Fund Trading Up 0.9 %

NYSE NCV opened at $3.31 on Wednesday. Virtus Convertible & Income Fund has a 12 month low of $2.84 and a 12 month high of $4.10. The company’s 50 day simple moving average is $3.30 and its 200 day simple moving average is $3.23.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in Virtus Convertible & Income Fund by 23.5% in the 3rd quarter. Morgan Stanley now owns 6,882,131 shares of the investment management company’s stock worth $21,403,000 after purchasing an additional 1,310,461 shares during the period. Advisors Asset Management Inc. boosted its stake in Virtus Convertible & Income Fund by 20.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,799,044 shares of the investment management company’s stock worth $9,049,000 after purchasing an additional 301,389 shares during the period. Envestnet Asset Management Inc. boosted its stake in Virtus Convertible & Income Fund by 7.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 702,952 shares of the investment management company’s stock worth $2,362,000 after purchasing an additional 49,284 shares during the period. LPL Financial LLC boosted its stake in Virtus Convertible & Income Fund by 3.3% in the 3rd quarter. LPL Financial LLC now owns 564,709 shares of the investment management company’s stock worth $1,756,000 after purchasing an additional 17,908 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Virtus Convertible & Income Fund by 2.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 422,006 shares of the investment management company’s stock worth $1,312,000 after purchasing an additional 10,008 shares during the period.

Virtus Convertible & Income Fund Company Profile

(Get Free Report)

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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Dividend History for Virtus Convertible & Income Fund (NYSE:NCV)

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