Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) announced a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Monday, January 13th will be given a dividend of 0.034 per share by the investment management company on Thursday, January 30th. This represents a $0.41 annualized dividend and a yield of 11.90%. The ex-dividend date is Monday, January 13th.
Virtus Convertible & Income Fund has decreased its dividend by an average of 4.4% annually over the last three years.
Virtus Convertible & Income Fund Price Performance
NCV stock opened at $3.43 on Friday. Virtus Convertible & Income Fund has a 52-week low of $3.02 and a 52-week high of $3.73. The business has a fifty day moving average of $3.56 and a two-hundred day moving average of $3.46.
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.
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