Virtus Equity & Convertible Income Fund (NYSE:NIE) Declares Quarterly Dividend of $0.50

Virtus Equity & Convertible Income Fund (NYSE:NIE) declared a quarterly dividend on Wednesday, November 20th,NASDAQ Dividends reports. Shareholders of record on Thursday, December 12th will be given a dividend of 0.50 per share on Monday, December 30th. This represents a $2.00 annualized dividend and a yield of 8.31%. The ex-dividend date of this dividend is Thursday, December 12th.

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

Virtus Equity & Convertible Income Fund Stock Up 0.8 %

Shares of NIE traded up $0.19 during midday trading on Thursday, reaching $24.07. 71,510 shares of the stock were exchanged, compared to its average volume of 66,065. Virtus Equity & Convertible Income Fund has a twelve month low of $20.10 and a twelve month high of $24.21. The business’s 50-day moving average price is $23.23 and its 200 day moving average price is $22.85.

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.