Virtus Diversified Income & Convertible Fund (NYSE:ACV) Declares Monthly Dividend of $0.18

Posted by Doug Wharley on Mar 10th, 2025

Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report) announced a monthly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Thursday, June 12th will be paid a dividend of 0.18 per share by the consumer goods maker on Friday, June 27th. This represents a $2.16 annualized dividend and a yield of 10.39%. The ex-dividend date is Thursday, June 12th.

Virtus Diversified Income & Convertible Fund has decreased its dividend by an average of 34.8% annually over the last three years.

Virtus Diversified Income & Convertible Fund Stock Performance

Shares of ACV opened at $20.79 on Monday. The company’s fifty day moving average is $22.28 and its 200 day moving average is $21.90. Virtus Diversified Income & Convertible Fund has a fifty-two week low of $19.57 and a fifty-two week high of $24.50.

About Virtus Diversified Income & Convertible Fund

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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.