Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) announced a monthly dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Friday, January 12th will be paid a dividend of 0.03 per share by the investment management company on Tuesday, January 30th. This represents a $0.36 dividend on an annualized basis and a yield of 13.04%. The ex-dividend date is Thursday, January 11th.
Virtus Convertible & Income Fund II has decreased its dividend by an average of 5.5% annually over the last three years.
Virtus Convertible & Income Fund II Price Performance
NYSE NCZ traded up $0.03 during midday trading on Monday, hitting $2.76. The company had a trading volume of 518,360 shares, compared to its average volume of 528,947. The firm has a 50-day moving average price of $2.70 and a 200-day moving average price of $2.89. Virtus Convertible & Income Fund II has a twelve month low of $2.50 and a twelve month high of $3.45.
Institutional Inflows and Outflows
About Virtus Convertible & Income Fund II
Virtus Convertible & Income Fund II 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.
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