Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) declared a monthly dividend on Thursday, August 29th, NASDAQ reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.03 per share by the investment management company on Thursday, September 26th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 11.98%. The ex-dividend date is Friday, September 13th.
Virtus Convertible & Income Fund II has decreased its dividend by an average of 3.6% per year over the last three years.
Virtus Convertible & Income Fund II Stock Performance
Shares of NYSE NCZ opened at $3.01 on Wednesday. Virtus Convertible & Income Fund II has a 52-week low of $2.50 and a 52-week high of $3.06. The company’s 50 day moving average price is $2.96 and its 200-day moving average price is $2.90.
About Virtus Convertible & Income Fund II
Virtus Convertible & Income Fund II is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.
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