Virtus Diversified Income & Convertible Fund (NYSE:ACV) to Issue $0.18 Monthly Dividend

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.18 per share by the consumer goods maker on Friday, March 28th. This represents a $2.16 annualized dividend and a dividend yield of 9.76%. The ex-dividend date is Thursday, March 13th.

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

Virtus Diversified Income & Convertible Fund Trading Up 0.6 %

NYSE:ACV opened at $22.13 on Friday. The business’s 50-day simple moving average is $21.37 and its 200-day simple moving average is $21.25. Virtus Diversified Income & Convertible Fund has a fifty-two week low of $19.04 and a fifty-two week high of $24.50.

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.