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

Virtus Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Monday, January 13th will be given a dividend of 0.03 per share by the investment management company on Thursday, January 30th. This represents a $0.36 dividend on an annualized basis and a yield of 11.04%. The ex-dividend date is Monday, January 13th.

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 %

NYSE:NCZ traded up $0.03 on Thursday, reaching $3.26. The company’s stock had a trading volume of 635,362 shares, compared to its average volume of 492,228. Virtus Convertible & Income Fund II has a 1-year low of $2.70 and a 1-year high of $3.27. The business’s 50-day moving average price is $3.10 and its two-hundred day moving average price is $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.