Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Rating) announced a monthly dividend on Friday, May 26th, Wall Street Journal reports. Stockholders of record on Friday, August 11th will be paid a dividend of 0.18 per share by the consumer goods maker on Friday, September 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date is Thursday, August 10th.
Virtus Diversified Income & Convertible Fund has increased its dividend payment by an average of 10.5% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.
Virtus Diversified Income & Convertible Fund Price Performance
Shares of NYSE ACV traded up $0.19 during trading on Friday, reaching $18.43. The stock had a trading volume of 36,459 shares, compared to its average volume of 41,557. Virtus Diversified Income & Convertible Fund has a one year low of $17.43 and a one year high of $24.21. The firm’s 50 day moving average price is $19.06 and its two-hundred day moving average price is $20.08.
Institutional Inflows and Outflows
About Virtus Diversified Income & Convertible Fund
Virtus AllianzGI Diversified Income & Convertible Fund is a closed end investment fund, which objective is to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. The company was founded on May 26, 2015 and is headquartered in New York, NY.
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