Virtus Equity & Convertible Income Fund (NYSE:NIE) Plans $0.50 Quarterly Dividend

Virtus Equity & Convertible Income Fund (NYSE:NIE) declared a quarterly dividend on Friday, March 7th, Wall Street Journal reports. Stockholders of record on Thursday, June 12th will be paid a dividend of 0.50 per share on Friday, June 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date is Thursday, June 12th.

Virtus Equity & Convertible Income Fund has increased its dividend by an average of 9.6% annually over the last three years.

Virtus Equity & Convertible Income Fund Trading Up 0.5 %

Shares of NIE opened at $23.22 on Friday. Virtus Equity & Convertible Income Fund has a fifty-two week low of $20.75 and a fifty-two week high of $25.44. The business’s 50-day moving average is $24.53 and its 200-day moving average is $23.82.

Virtus Equity & Convertible Income Fund Company Profile

Virtus Equity & Convertible Income Fund is a closed ended equity 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 markets of the United States. The fund invests in stocks of companies operating across diversified sectors.