Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) announced a monthly dividend on Monday, November 20th, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.034 per share by the investment management company on Tuesday, January 30th. This represents a $0.41 dividend on an annualized basis and a yield of 12.95%. The ex-dividend date of this dividend is Thursday, January 11th.
Virtus Convertible & Income Fund has decreased its dividend payment by an average of 1.5% annually over the last three years.
Virtus Convertible & Income Fund Price Performance
Shares of NYSE:NCV opened at $3.15 on Tuesday. Virtus Convertible & Income Fund has a 12-month low of $2.84 and a 12-month high of $4.14. The business’s 50 day moving average is $3.06 and its 200 day moving average is $3.25.
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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