Virtus Equity & Convertible Income Fund Plans Quarterly Dividend of $0.50 (NYSE:NIE)

Virtus Equity & Convertible Income Fund (NYSE:NIE) declared a quarterly dividend on Wednesday, November 19th. Stockholders of record on Thursday, December 11th will be paid a dividend of 0.50 per share on Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, December 11th.

Virtus Equity & Convertible Income Fund Trading Up 0.3%

NYSE:NIE opened at $24.77 on Thursday. Virtus Equity & Convertible Income Fund has a 52 week low of $18.54 and a 52 week high of $26.00. The company’s 50 day moving average price is $25.30 and its 200-day moving average price is $24.30.

Virtus Equity & Convertible Income Fund Company Profile

Virtus Equity & Convertible Income Fund is a closed ended equity 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 the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors.