Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Thursday, March 13th will be given a dividend of 0.50 per share on Friday, March 28th. This represents a $2.00 annualized dividend and a yield of 8.29%. The ex-dividend date of this dividend is Thursday, March 13th.
Virtus Equity & Convertible Income Fund has increased its dividend payment by an average of 9.6% per year over the last three years.
Virtus Equity & Convertible Income Fund Stock Up 0.2 %
NIE opened at $24.13 on Friday. The company has a 50 day moving average of $23.29 and a 200 day moving average of $22.87. Virtus Equity & Convertible Income Fund has a 12 month low of $20.10 and a 12 month high of $24.21.
Virtus Equity & Convertible Income Fund Company Profile
Virtus Equity & Convertible Income Fund is a closed ended equity 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 markets of the United States. The fund invests in stocks of companies operating across diversified sectors.
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