Virtus Diversified Income & Convertible Fund Announces Monthly Dividend of $0.18 (NYSE:ACV)

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Investors of record on Thursday, December 12th will be given a dividend of 0.18 per share by the consumer goods maker on Monday, December 30th. This represents a $2.16 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date is Thursday, December 12th.

Virtus Diversified Income & Convertible Fund has decreased its dividend payment by an average of 3.2% annually over the last three years.

Virtus Diversified Income & Convertible Fund Trading Up 0.6 %

Shares of NYSE:ACV traded up $0.13 during trading on Thursday, hitting $22.13. 17,929 shares of the company were exchanged, compared to its average volume of 32,664. Virtus Diversified Income & Convertible Fund has a 52-week low of $19.04 and a 52-week high of $24.50. The stock has a 50 day moving average of $21.37 and a 200 day moving average of $21.25.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.