Virtus Diversified Income & Convertible Fund (NYSE:ACV) to Issue Monthly Dividend of $0.18

Virtus Diversified Income & Convertible Fund (NYSE:ACVGet Free Report) announced a monthly dividend on Tuesday, March 5th, Wall Street Journal reports. Shareholders of record on Thursday, June 13th will be paid a dividend of 0.18 per share by the consumer goods maker on Thursday, June 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.29%. The ex-dividend date is Thursday, June 13th.

Virtus Diversified Income & Convertible Fund has decreased its dividend by an average of 3.2% per year over the last three years and has raised its dividend every year for the last 1 years.

Virtus Diversified Income & Convertible Fund Stock Performance

Shares of Virtus Diversified Income & Convertible Fund stock opened at $20.99 on Tuesday. The company has a fifty day simple moving average of $22.36 and a 200-day simple moving average of $21.98. Virtus Diversified Income & Convertible Fund has a 12-month low of $16.82 and a 12-month high of $24.50.

Virtus Diversified Income & Convertible Fund Company Profile

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Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.

See Also

Dividend History for Virtus Diversified Income & Convertible Fund (NYSE:ACV)

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