Virtus Convertible & Income Fund (NYSE:NCV) to Issue $0.14 Monthly Dividend

Virtus Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Monday, March 10th, Wall Street Journal reports. Stockholders of record on Thursday, June 12th will be paid a dividend of 0.136 per share by the investment management company on Friday, June 27th. This represents a $1.63 annualized dividend and a dividend yield of 12.33%. The ex-dividend date is Thursday, June 12th.

Virtus Convertible & Income Fund has decreased its dividend payment by an average of 7.2% annually over the last three years.

Virtus Convertible & Income Fund Stock Down 0.7 %

Shares of NCV opened at $13.24 on Monday. Virtus Convertible & Income Fund has a 12 month low of $12.06 and a 12 month high of $14.92. The firm’s 50 day moving average is $14.04 and its 200-day moving average is $14.04.

About Virtus Convertible & Income Fund

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.