Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) declared a monthly dividend on Monday, March 10th, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.136 per share by the investment management company on Tuesday, April 29th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 12.33%. The ex-dividend date is Friday, April 11th.
Virtus Convertible & Income Fund has decreased its dividend by an average of 7.2% per year over the last three years.
Virtus Convertible & Income Fund Stock Down 0.7 %
Shares of NCV opened at $13.24 on Monday. The company has a 50-day simple moving average of $14.04 and a 200-day simple moving average of $14.04. Virtus Convertible & Income Fund has a 52 week low of $12.06 and a 52 week high of $14.92.
About Virtus Convertible & Income Fund
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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