Virtus Diversified Income & Convertible Fund (NYSE:ACV) Announces $0.18 Monthly Dividend
by Mitch Edgeman · The Markets DailyVirtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report) announced a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.18 per share by the consumer goods maker on Friday, March 28th. This represents a $2.16 annualized dividend and a yield of 9.76%. The ex-dividend date is Thursday, March 13th.
Virtus Diversified Income & Convertible Fund has decreased its dividend by an average of 3.2% annually over the last three years.
Virtus Diversified Income & Convertible Fund Price Performance
Shares of Virtus Diversified Income & Convertible Fund stock traded up $0.14 on Thursday, hitting $22.14. The stock had a trading volume of 17,182 shares, compared to its average volume of 32,660. Virtus Diversified Income & Convertible Fund has a twelve month low of $19.04 and a twelve month high of $24.50. The business’s 50 day moving average is $21.37 and its two-hundred day moving average is $21.25.
About Virtus Diversified Income & Convertible Fund
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.
Featured Stories
- Five stocks we like better than Virtus Diversified Income & Convertible Fund
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Why Palo Alto Networks’ Multi-Year Uptrend Is Far From Over
- Short Selling: How to Short a Stock
- 3 Rock-Solid Buying Opportunities in the Market Right Now
- What is the Shanghai Stock Exchange Composite Index?
- TJX Companies Stock Poised to Hit a New High This Year