Virtus Convertible & Income Fund II (NYSE:NCZ) Plans Monthly Dividend of $0.03

Virtus Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Monday, June 10th, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be paid a dividend of 0.03 per share by the investment management company on Thursday, August 29th. This represents a $0.36 annualized dividend and a yield of 12.41%. The ex-dividend date is Monday, August 12th.

Virtus Convertible & Income Fund II has decreased its dividend by an average of 3.6% per year over the last three years.

Virtus Convertible & Income Fund II Price Performance

Shares of NCZ traded up $0.03 during midday trading on Monday, reaching $2.90. The stock had a trading volume of 349,708 shares, compared to its average volume of 430,109. Virtus Convertible & Income Fund II has a 1-year low of $2.50 and a 1-year high of $3.15. The company’s fifty day simple moving average is $2.85 and its two-hundred day simple moving average is $2.88.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II 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.