Virtus Equity & Convertible Income Fund (NYSE:NIE) to Issue $0.50 Quarterly Dividend

Virtus Equity & Convertible Income Fund (NYSE:NIE) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.50 per share on Friday, March 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date is Thursday, March 13th.

Virtus Equity & Convertible Income Fund has raised its dividend payment by an average of 9.6% annually over the last three years.

Virtus Equity & Convertible Income Fund Price Performance

Shares of Virtus Equity & Convertible Income Fund stock opened at $24.07 on Friday. Virtus Equity & Convertible Income Fund has a 52 week low of $20.10 and a 52 week high of $24.21. The stock has a 50 day moving average price of $23.26 and a two-hundred day moving average price of $22.86.

Virtus Equity & Convertible Income Fund Company Profile

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.