Virtus Diversified Income & Convertible Fund Plans Monthly Dividend of $0.18 (NYSE:ACV)

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.18 per share by the consumer goods maker on Friday, March 28th. This represents a $2.16 annualized dividend and a dividend yield of 9.76%. The ex-dividend date is Thursday, March 13th.

Virtus Diversified Income & Convertible Fund has decreased its dividend payment by an average of 3.2% per year over the last three years.

Virtus Diversified Income & Convertible Fund Trading Up 0.6 %

Shares of ACV traded up $0.14 during midday trading on Thursday, hitting $22.14. The company’s stock had a trading volume of 17,182 shares, compared to its average volume of 32,660. Virtus Diversified Income & Convertible Fund has a one year low of $19.04 and a one year high of $24.50. The company’s fifty day simple moving average is $21.37 and its two-hundred day simple moving average is $21.25.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.