Virtus Convertible & Income Fund (NCV) to Issue Monthly Dividend of $0.14 on July 30th

Virtus Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Wednesday, June 3rd. Stockholders of record on Monday, July 13th will be paid a dividend of 0.136 per share by the investment management company on Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Monday, July 13th.

Virtus Convertible & Income Fund Stock Up 0.2%

Shares of NYSE:NCV opened at $17.34 on Friday. Virtus Convertible & Income Fund has a 52 week low of $13.45 and a 52 week high of $17.60. The business has a fifty day simple moving average of $16.51 and a 200-day simple moving average of $15.92.

Institutional Investors Weigh In On Virtus Convertible & Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new stake in Virtus Convertible & Income Fund during the first quarter valued at about $46,000. Readystate Asset Management LP lifted its stake in shares of Virtus Convertible & Income Fund by 39.5% during the first quarter. Readystate Asset Management LP now owns 36,738 shares of the investment management company’s stock worth $547,000 after purchasing an additional 10,403 shares in the last quarter. Saba Capital Management L.P. lifted its stake in shares of Virtus Convertible & Income Fund by 373.3% during the first quarter. Saba Capital Management L.P. now owns 723,578 shares of the investment management company’s stock worth $10,767,000 after purchasing an additional 570,704 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Virtus Convertible & Income Fund by 21.4% during the first quarter. Private Advisor Group LLC now owns 164,322 shares of the investment management company’s stock worth $2,445,000 after purchasing an additional 28,915 shares in the last quarter. Finally, Alteri Wealth LLC lifted its stake in shares of Virtus Convertible & Income Fund by 9.1% during the fourth quarter. Alteri Wealth LLC now owns 11,326 shares of the investment management company’s stock worth $172,000 after purchasing an additional 946 shares in the last quarter.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.