Virtus Convertible & Income Fund II (NYSE:NCZ) to Issue — Dividend of $0.03

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a — dividend on Thursday, August 29th, Wall Street Journal reports. Investors of record on Friday, September 13th will be paid a dividend of 0.03 per share by the investment management company on Thursday, September 26th. This represents a yield of 12%. The ex-dividend date of this dividend is Friday, September 13th.

Virtus Convertible & Income Fund II has decreased its dividend payment by an average of 3.6% annually over the last three years.

Virtus Convertible & Income Fund II Stock Performance

Shares of NYSE:NCZ traded up $0.03 on Thursday, reaching $3.04. The company’s stock had a trading volume of 378,909 shares, compared to its average volume of 506,762. The company has a 50-day simple moving average of $2.96 and a 200 day simple moving average of $2.90. Virtus Convertible & Income Fund II has a 52-week low of $2.50 and a 52-week high of $3.06.

Virtus Convertible & Income Fund II Company Profile

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.