Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) declared a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Monday, January 13th will be paid a dividend of 0.034 per share by the investment management company on Thursday, January 30th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 11.15%. The ex-dividend date is Monday, January 13th.
Virtus Convertible & Income Fund has decreased its dividend by an average of 3.8% per year over the last three years.
Virtus Convertible & Income Fund Stock Performance
Shares of NCV stock opened at $3.66 on Friday. The business has a 50-day moving average of $3.49 and a 200 day moving average of $3.38. Virtus Convertible & Income Fund has a 1-year low of $3.02 and a 1-year high of $3.68.
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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