Virtus Convertible & Income Fund (NCV) to Issue Monthly Dividend of $0.03 on July 30th

Virtus Convertible & Income Fund (NYSE:NCVGet Free Report) announced a monthly dividend on Thursday, June 6th, NASDAQ reports. Shareholders of record on Thursday, July 11th will be given a dividend of 0.034 per share by the investment management company on Tuesday, July 30th. This represents a $0.41 dividend on an annualized basis and a yield of 12.25%. The ex-dividend date is Thursday, July 11th.

Virtus Convertible & Income Fund has decreased its dividend payment by an average of 3.8% per year over the last three years.

Virtus Convertible & Income Fund Price Performance

NYSE:NCV opened at $3.33 on Tuesday. The business has a fifty day simple moving average of $3.24 and a two-hundred day simple moving average of $3.25. Virtus Convertible & Income Fund has a 1 year low of $2.84 and a 1 year high of $3.59.

About Virtus Convertible & Income Fund

(Get Free Report)

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.

Further Reading

Dividend History for Virtus Convertible & Income Fund (NYSE:NCV)

Receive News & Ratings for Virtus Convertible & Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Convertible & Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.