Virtus Convertible & Income Fund Announces Monthly Dividend of $0.14 (NYSE:NCV)

Virtus Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Wednesday, June 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.136 per share by the investment management company on Friday, August 28th. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Thursday, August 13th.

Virtus Convertible & Income Fund Price Performance

Shares of NYSE:NCV opened at $17.29 on Thursday. The company’s fifty day moving average is $16.46 and its two-hundred day moving average is $15.91. Virtus Convertible & Income Fund has a 12-month low of $13.45 and a 12-month high of $17.60.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.