Virtus Convertible & Income Fund (NYSE:NCV) Announces $0.03 Monthly Dividend

Virtus Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.034 per share by the investment management company on Monday, December 30th. This represents a $0.41 annualized dividend and a dividend yield of 11.21%. The ex-dividend date of this dividend is Thursday, December 12th.

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

Shares of NCV stock traded up $0.06 during mid-day trading on Thursday, reaching $3.64. The stock had a trading volume of 1,092,796 shares, compared to its average volume of 516,577. Virtus Convertible & Income Fund has a one year low of $3.02 and a one year high of $3.65. The firm’s 50 day simple moving average is $3.49 and its 200 day simple moving average is $3.38.

Virtus Convertible & Income Fund Company Profile

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.