Virtus Diversified Income & Convertible Fund (NYSE:ACV) Announces $0.18 — Dividend

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a — dividend on Tuesday, September 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.18 per share by the consumer goods maker on Wednesday, November 27th. This represents a dividend yield of 10.2%. The ex-dividend date of this dividend is Tuesday, November 12th.

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

Virtus Diversified Income & Convertible Fund Stock Performance

Shares of ACV stock opened at $21.17 on Thursday. Virtus Diversified Income & Convertible Fund has a 12-month low of $16.82 and a 12-month high of $24.50. The firm’s 50 day moving average is $20.89 and its 200 day moving average is $21.89.

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.