Virtus Convertible & Income Fund II (NYSE:NCZ) Plans $0.03 Monthly Dividend

Virtus Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Monday, January 13th will be given a dividend of 0.03 per share by the investment management company on Thursday, January 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date of this dividend is Monday, January 13th.

Virtus Convertible & Income Fund II has decreased its dividend payment by an average of 3.6% annually over the last three years.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ traded up $0.03 during midday trading on Thursday, reaching $3.26. The stock had a trading volume of 635,362 shares, compared to its average volume of 492,228. Virtus Convertible & Income Fund II has a 12-month low of $2.70 and a 12-month high of $3.27. The company’s 50-day moving average is $3.10 and its 200 day moving average is $2.99.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II 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.