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

Virtus Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Wednesday, November 19th. Shareholders of record on Monday, January 12th will be given a dividend of 0.136 per share by the investment management company on Thursday, January 29th. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date is Monday, January 12th.

Virtus Convertible & Income Fund Trading Up 1.3%

Shares of NCV stock traded up $0.20 during mid-day trading on Thursday, reaching $15.06. 9,675 shares of the company’s stock traded hands, compared to its average volume of 101,256. Virtus Convertible & Income Fund has a 12 month low of $11.51 and a 12 month high of $15.83. The firm has a 50 day moving average price of $15.32 and a two-hundred day moving average price of $14.48.

About Virtus Convertible & Income Fund

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.