Virtus Convertible & Income Fund II (NYSE:NCZ) to Issue $0.03 Monthly Dividend

Virtus Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Monday, June 10th, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be paid a dividend of 0.03 per share by the investment management company on Thursday, August 29th. This represents a $0.36 annualized dividend and a yield of 12.12%. The ex-dividend date of this dividend is Monday, August 12th.

Virtus Convertible & Income Fund II has decreased its dividend by an average of 3.6% annually over the last three years.

Virtus Convertible & Income Fund II Stock Down 0.5 %

Shares of NCZ stock traded down $0.02 during trading hours on Friday, reaching $2.97. The company had a trading volume of 591,315 shares, compared to its average volume of 488,215. Virtus Convertible & Income Fund II has a 12 month low of $2.50 and a 12 month high of $3.07. The business has a fifty day simple moving average of $2.92 and a 200-day simple moving average of $2.89.

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.