Virtus Diversified Income & Convertible Fund (NYSE:ACV) Plans $0.38 Special Dividend

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a special dividend on Friday, December 19th. Stockholders of record on Monday, December 29th will be paid a dividend of 0.384 per share by the consumer goods maker on Friday, January 9th. The ex-dividend date is Monday, December 29th.

Virtus Diversified Income & Convertible Fund Stock Performance

ACV opened at $26.79 on Friday. The business has a 50 day moving average price of $25.63 and a 200 day moving average price of $24.01. Virtus Diversified Income & Convertible Fund has a twelve month low of $17.00 and a twelve month high of $26.89.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund (NYSE:ACV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of convertible securities, corporate bonds, dividend-paying common stocks and preferred securities. By blending credit and equity-linked instruments, ACV aims to generate attractive yield while participating in potential upside as issuers’ share prices appreciate.

The fund is managed by Virtus Investment Partners and employs a bottom-up, research-driven process to identify opportunities across sectors and geographies.