Virtus Convertible & Income Fund II (NCZ) to Distribute Monthly Dividend of $0.03 on November 27th

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Wednesday, September 4th, Wall Street Journal reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.03 per share by the investment management company on Wednesday, November 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 12.12%. The ex-dividend date of this dividend is Tuesday, November 12th.

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

Virtus Convertible & Income Fund II Trading Down 0.3 %

Shares of NYSE:NCZ opened at $2.97 on Friday. The firm’s 50 day moving average price is $2.95 and its 200-day moving average price is $2.90. Virtus Convertible & Income Fund II has a twelve month low of $2.50 and a twelve month high of $3.06.

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.