Virtus Convertible & Income Fund (NYSE:NCV) Announces $0.03 Monthly Dividend

Virtus Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Monday, January 13th will be paid a dividend of 0.034 per share by the investment management company on Thursday, January 30th. This represents a $0.41 annualized dividend and a dividend yield of 11.24%. The ex-dividend date of this dividend is Monday, January 13th.

Virtus Convertible & Income Fund has decreased its dividend payment by an average of 3.8% per year over the last three years.

Virtus Convertible & Income Fund Price Performance

NCV stock traded up $0.05 during trading on Thursday, hitting $3.63. The company had a trading volume of 1,073,982 shares, compared to its average volume of 516,245. The company has a fifty day moving average price of $3.49 and a two-hundred day moving average price of $3.38. Virtus Convertible & Income Fund has a fifty-two week low of $3.02 and a fifty-two week high of $3.65.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund 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.