Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) declared a quarterly dividend on Thursday, August 29th, NASDAQ reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.50 per share on Thursday, September 26th. This represents a $2.00 annualized dividend and a yield of 8.85%. The ex-dividend date of this dividend is Friday, September 13th.
Virtus Equity & Convertible Income Fund has increased its dividend by an average of 9.6% annually over the last three years.
Virtus Equity & Convertible Income Fund Stock Performance
Virtus Equity & Convertible Income Fund stock opened at $22.59 on Thursday. The business has a 50-day moving average of $22.58 and a 200-day moving average of $22.42. Virtus Equity & Convertible Income Fund has a 1 year low of $18.61 and a 1 year high of $23.88.
About Virtus Equity & Convertible Income Fund
Virtus Equity & Convertible Income Fund is a closed ended equity 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 the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors.
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