Virtus Diversified Income & Convertible Fund (ACV) to Issue Monthly Dividend of $0.18 on September 26th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Thursday, August 29th, NASDAQ reports. Investors of record on Friday, September 13th will be given a dividend of 0.18 per share by the consumer goods maker on Thursday, September 26th. This represents a $2.16 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date is Friday, September 13th.

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 0.5 %

Virtus Diversified Income & Convertible Fund stock opened at $21.04 on Wednesday. The stock has a 50-day moving average price of $20.89 and a 200 day moving average price of $21.83. Virtus Diversified Income & Convertible Fund has a 52 week low of $16.82 and a 52 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.