Virtus Convertible & Income Fund II (NYSE:NCZ) Plans $0.03 Monthly Dividend

Virtus Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Investors of record on Thursday, December 12th will be paid a dividend of 0.03 per share by the investment management company on Monday, December 30th. This represents a $0.36 annualized dividend and a yield of 11.04%. The ex-dividend date of this dividend is Thursday, December 12th.

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

Virtus Convertible & Income Fund II Stock Up 0.9 %

Shares of NYSE:NCZ traded up $0.03 during trading on Thursday, hitting $3.26. 681,821 shares of the company were exchanged, compared to its average volume of 492,433. Virtus Convertible & Income Fund II has a fifty-two week low of $2.70 and a fifty-two week high of $3.27. The firm has a fifty day moving average price of $3.10 and a two-hundred day moving average price of $2.99.

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.