Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) announced a monthly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Thursday, June 12th will be given a dividend of 0.136 per share by the investment management company on Friday, June 27th. This represents a $1.63 annualized dividend and a dividend yield of 12.54%. The ex-dividend date of this dividend is Thursday, June 12th.
Virtus Convertible & Income Fund has decreased its dividend payment by an average of 7.2% annually over the last three years.
Virtus Convertible & Income Fund Price Performance
NCV opened at $13.01 on Wednesday. The company’s 50 day simple moving average is $14.00 and its 200 day simple moving average is $14.04. Virtus Convertible & Income Fund has a 1 year low of $12.06 and a 1 year high of $14.92.
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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