Virtus Convertible & Income Fund Declares Monthly Dividend of $0.14 (NYSE:NCV)

Virtus Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Wednesday, September 2nd. Stockholders of record on Tuesday, October 13th will be given a dividend of 0.136 per share by the investment management company on Thursday, October 29th. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, October 13th.

Virtus Convertible & Income Fund Price Performance

NYSE:NCV opened at $16.46 on Thursday. Virtus Convertible & Income Fund has a 1-year low of $14.46 and a 1-year high of $17.65. The firm has a fifty day simple moving average of $16.95 and a 200 day simple moving average of $16.59.

Institutional Trading of Virtus Convertible & Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of Virtus Convertible & Income Fund by 2.7% in the 1st quarter. Cetera Investment Advisers now owns 27,019 shares of the investment management company’s stock valued at $402,000 after acquiring an additional 708 shares during the period. Alteri Wealth LLC raised its holdings in shares of Virtus Convertible & Income Fund by 9.1% in the 4th quarter. Alteri Wealth LLC now owns 11,326 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 946 shares during the period. Trust Co. of Vermont bought a new stake in shares of Virtus Convertible & Income Fund in the 2nd quarter valued at about $29,000. Raymond James Financial Inc. lifted its stake in Virtus Convertible & Income Fund by 3.2% in the 2nd quarter. Raymond James Financial Inc. now owns 78,137 shares of the investment management company’s stock valued at $1,110,000 after purchasing an additional 2,388 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Virtus Convertible & Income Fund by 1.0% in the 3rd quarter. Bank of America Corp DE now owns 263,876 shares of the investment management company’s stock valued at $3,958,000 after purchasing an additional 2,669 shares during the last quarter.

Virtus Convertible & Income Fund Company Profile

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.