Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) announced a monthly dividend on Wednesday, November 20th, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.12 per share by the investment management company on Friday, March 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.26%. The ex-dividend date is Thursday, March 13th.
Virtus Convertible & Income Fund II has decreased its dividend payment by an average of 7.2% per year over the last three years.
Virtus Convertible & Income Fund II Stock Performance
Virtus Convertible & Income Fund II stock opened at $11.75 on Tuesday. The business has a 50-day simple moving average of $12.72 and a two-hundred day simple moving average of $12.60. Virtus Convertible & Income Fund II has a 52-week low of $10.80 and a 52-week high of $13.44.
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.
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