Virtus Convertible & Income Fund (NYSE:NCV – Get Free Report) announced a monthly dividend on Thursday, August 29th,Wall Street Journal reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.034 per share by the investment management company on Wednesday, November 27th. This represents a $0.41 annualized dividend and a yield of 11.59%. The ex-dividend date of this dividend is Tuesday, November 12th.
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 Price Performance
Shares of NCV opened at $3.52 on Friday. Virtus Convertible & Income Fund has a 12-month low of $3.00 and a 12-month high of $3.58. The firm has a fifty day moving average price of $3.47 and a 200-day moving average price of $3.36.
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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