Virtus Convertible & Income Fund (NCV) to Issue Dividend of $0.03 on April 29th

Virtus Convertible & Income Fund (NYSE:NCV) announced a dividend on Wednesday, April 10th, investing.com reports. Investors of record on Thursday, April 11th will be paid a dividend of 0.034 per share by the investment management company on Monday, April 29th. This represents a yield of 12.48%. The ex-dividend date is Wednesday, April 10th.

Virtus Convertible & Income Fund has decreased its dividend by an average of 7.1% annually over the last three years.

Virtus Convertible & Income Fund Price Performance

Shares of Virtus Convertible & Income Fund stock opened at $3.20 on Friday. Virtus Convertible & Income Fund has a 12 month low of $2.84 and a 12 month high of $3.59. The stock’s fifty day simple moving average is $3.27 and its 200 day simple moving average is $3.21.

Institutional Trading of Virtus Convertible & Income Fund

Several hedge funds have recently added to or reduced their stakes in NCV. Raymond James Financial Services Advisors Inc. raised its stake in Virtus Convertible & Income Fund by 13.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 57,872 shares of the investment management company’s stock worth $291,000 after buying an additional 6,729 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Virtus Convertible & Income Fund by 7.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 92,711 shares of the investment management company’s stock worth $466,000 after purchasing an additional 6,524 shares in the last quarter. Private Advisor Group LLC increased its holdings in Virtus Convertible & Income Fund by 8.6% during the 1st quarter. Private Advisor Group LLC now owns 130,210 shares of the investment management company’s stock worth $655,000 after purchasing an additional 10,359 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Virtus Convertible & Income Fund by 27.9% during the 1st quarter. NewEdge Advisors LLC now owns 145,526 shares of the investment management company’s stock worth $732,000 after purchasing an additional 31,726 shares in the last quarter. Finally, SVB Wealth LLC increased its holdings in Virtus Convertible & Income Fund by 132.2% during the 1st quarter. SVB Wealth LLC now owns 39,114 shares of the investment management company’s stock worth $197,000 after purchasing an additional 22,268 shares in the last quarter.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund 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.