Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) announced a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.50 per share on Friday, March 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date is Thursday, March 13th.
Virtus Equity & Convertible Income Fund has raised its dividend by an average of 9.6% per year over the last three years.
Virtus Equity & Convertible Income Fund Stock Performance
NYSE:NIE traded up $0.19 during mid-day trading on Thursday, hitting $24.07. 60,847 shares of the stock traded hands, compared to its average volume of 66,017. Virtus Equity & Convertible Income Fund has a 52 week low of $20.10 and a 52 week high of $24.21. The firm’s 50 day moving average is $23.23 and its two-hundred day moving average 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.
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