Virtus Convertible & Income Fund (NYSE:NCV – Get 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
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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