Virtus Convertible & Income Fund (NCV) to Issue Monthly Dividend of $0.14 on February 26th

Virtus Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Wednesday, November 19th. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.136 per share by the investment management company on Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Thursday, February 12th.

Virtus Convertible & Income Fund Trading Down 1.6%

Shares of NYSE:NCV opened at $14.63 on Friday. The company’s fifty day moving average is $15.31 and its 200 day moving average is $14.48. Virtus Convertible & Income Fund has a 52 week low of $11.51 and a 52 week high of $15.83.

Institutional Trading of Virtus Convertible & Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of NCV. Wolverine Asset Management LLC purchased a new position in shares of Virtus Convertible & Income Fund in the first quarter worth $2,211,000. Landscape Capital Management L.L.C. boosted its position in Virtus Convertible & Income Fund by 96.1% during the 1st quarter. Landscape Capital Management L.L.C. now owns 71,727 shares of the investment management company’s stock valued at $927,000 after buying an additional 35,146 shares during the period. WPG Advisers LLC purchased a new position in shares of Virtus Convertible & Income Fund in the first quarter valued at about $25,000. Geneos Wealth Management Inc. raised its stake in shares of Virtus Convertible & Income Fund by 41.4% during the first quarter. Geneos Wealth Management Inc. now owns 8,493 shares of the investment management company’s stock valued at $110,000 after acquiring an additional 2,488 shares during the last quarter. Finally, Congress Park Capital LLC purchased a new stake in shares of Virtus Convertible & Income Fund during the second quarter worth about $7,722,000.

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.