Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) announced a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Monday, January 13th will be given a dividend of 0.034 per share by the investment management company on Thursday, January 30th. This represents a $0.41 annualized dividend and a dividend yield of 11.21%. The ex-dividend date is Monday, January 13th.
Virtus Convertible & Income Fund has decreased its dividend by an average of 3.8% annually over the last three years.
Virtus Convertible & Income Fund Stock Performance
NYSE:NCV opened at $3.64 on Friday. The firm’s fifty day simple moving average is $3.49 and its 200 day simple moving average is $3.38. Virtus Convertible & Income Fund has a twelve month low of $3.02 and a twelve month high of $3.65.
About Virtus Convertible & Income Fund
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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