Virtus Diversified Income & Convertible Fund (NYSE:ACV) Plans Monthly Dividend of $0.18

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.18 per share by the consumer goods maker on Friday, March 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date of this dividend is Thursday, March 13th.

Virtus Diversified Income & Convertible Fund has decreased its dividend by an average of 3.2% per year over the last three years.

Virtus Diversified Income & Convertible Fund Price Performance

Virtus Diversified Income & Convertible Fund stock traded up $0.14 during mid-day trading on Thursday, reaching $22.14. 17,182 shares of the company’s stock were exchanged, compared to its average volume of 32,660. Virtus Diversified Income & Convertible Fund has a twelve month low of $19.04 and a twelve month high of $24.50. The company has a fifty day moving average of $21.37 and a 200-day moving average of $21.25.

About Virtus Diversified Income & Convertible Fund

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.