Virtus Equity & Convertible Income Fund (NIE) to Issue Quarterly Dividend of $0.50 on September 22nd

Virtus Equity & Convertible Income Fund (NYSE:NIEGet Free Report) announced a quarterly dividend on Thursday, August 31st, Wall Street Journal reports. Shareholders of record on Monday, September 11th will be paid a dividend of 0.50 per share on Friday, September 22nd. This represents a $2.00 annualized dividend and a yield of 9.37%. The ex-dividend date is Friday, September 8th.

Virtus Equity & Convertible Income Fund has raised its dividend payment by an average of 25.4% annually over the last three years and has increased its dividend every year for the last 1 years.

Virtus Equity & Convertible Income Fund Stock Performance

Shares of NIE stock opened at $21.34 on Friday. Virtus Equity & Convertible Income Fund has a one year low of $18.02 and a one year high of $22.75. The firm’s 50 day moving average price is $21.18 and its 200-day moving average price is $20.27.

Institutional Trading of Virtus Equity & Convertible Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. ICA Group Wealth Management LLC purchased a new position in Virtus Equity & Convertible Income Fund in the 4th quarter valued at approximately $27,000. JPMorgan Chase & Co. purchased a new position in shares of Virtus Equity & Convertible Income Fund in the 1st quarter valued at $27,000. Walleye Capital LLC acquired a new stake in Virtus Equity & Convertible Income Fund during the 2nd quarter worth $241,000. Virtu Financial LLC purchased a new stake in Virtus Equity & Convertible Income Fund in the fourth quarter valued at $252,000. Finally, Logan Stone Capital LLC acquired a new stake in shares of Virtus Equity & Convertible Income Fund in the fourth quarter valued at approximately $268,000.

About Virtus Equity & Convertible Income Fund

(Get Free Report)

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.

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Dividend History for Virtus Equity & Convertible Income Fund (NYSE:NIE)

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