Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Friday, January 12th will be given a dividend of 0.034 per share by the investment management company on Tuesday, January 30th. This represents a $0.41 annualized dividend and a dividend yield of 12.95%. The ex-dividend date is Thursday, January 11th.
Virtus Convertible & Income Fund has decreased its dividend by an average of 1.5% per year over the last three years.
Virtus Convertible & Income Fund Stock Performance
Shares of NCV stock remained flat at $3.15 during mid-day trading on Monday. The stock had a trading volume of 268,755 shares, compared to its average volume of 484,907. Virtus Convertible & Income Fund has a fifty-two week low of $2.84 and a fifty-two week high of $4.14. The business has a fifty day moving average of $3.06 and a two-hundred day moving average of $3.25.
Institutional Inflows and Outflows
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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