Virtus Diversified Income & Convertible Fund (ACV) to Issue Monthly Dividend of $0.18 on March 28th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.18 per share by the consumer goods maker on Friday, March 28th. This represents a $2.16 annualized dividend and a yield of 9.69%. The ex-dividend date is Thursday, March 13th.

Virtus Diversified Income & Convertible Fund has decreased its dividend by an average of 3.2% per year over the last three years.

Virtus Diversified Income & Convertible Fund Stock Performance

Shares of ACV stock opened at $22.28 on Friday. The firm has a 50 day moving average price of $21.39 and a two-hundred day moving average price of $21.25. Virtus Diversified Income & Convertible Fund has a 12-month low of $19.04 and a 12-month high of $24.50.

About Virtus Diversified Income & Convertible Fund

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.