Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) declared a monthly dividend on Friday, March 7th, Wall Street Journal reports. Shareholders of record on Thursday, June 12th will be given a dividend of 0.12 per share by the investment management company on Friday, June 27th. This represents a $1.44 annualized dividend and a yield of 12.05%. The ex-dividend date of this dividend is Thursday, June 12th.
Virtus Convertible & Income Fund II has decreased its dividend by an average of 7.2% per year over the last three years.
Virtus Convertible & Income Fund II Stock Down 1.5 %
Shares of NCZ opened at $11.95 on Friday. The firm’s 50 day moving average is $12.74 and its 200-day moving average is $12.59. Virtus Convertible & Income Fund II has a 12 month low of $10.80 and a 12 month 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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