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

Virtus Equity & Convertible Income Fund (NYSE:NIE) declared a quarterly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Investors of record on Thursday, December 12th will be given a dividend of 0.50 per share on Monday, December 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date is Thursday, December 12th.

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

Virtus Equity & Convertible Income Fund Stock Up 0.8 %

NYSE:NIE traded up $0.19 during mid-day trading on Thursday, reaching $24.07. 71,510 shares of the company were exchanged, compared to its average volume of 66,065. Virtus Equity & Convertible Income Fund has a 12 month low of $20.10 and a 12 month high of $24.21. The company has a fifty day moving average of $23.23 and a 200 day moving average of $22.85.

About Virtus Equity & Convertible Income Fund

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.