Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) announced a monthly dividend on Friday, March 7th, Wall Street Journal reports. Investors of record on Thursday, June 12th will be given a dividend of 0.12 per share by the investment management company on Friday, June 27th. This represents a $1.44 dividend on an annualized basis and a yield of 12.05%. The ex-dividend date of this dividend is Thursday, June 12th.
Virtus Convertible & Income Fund II has decreased its dividend payment by an average of 7.2% per year over the last three years.
Virtus Convertible & Income Fund II Price Performance
Shares of NYSE:NCZ opened at $11.95 on Friday. The company’s fifty day moving average price is $12.74 and its 200-day moving average price is $12.59. Virtus Convertible & Income Fund II has a one year low of $10.80 and a one year high of $13.44.
Virtus Convertible & Income Fund II Company Profile
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.
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