Virtus Diversified Income & Convertible Fund (ACV) to Issue Monthly Dividend of $0.18 on March 28th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, November 20th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 10.72%. The ex-dividend date is Thursday, March 13th.

Virtus Diversified Income & Convertible Fund has decreased its dividend by an average of 34.8% per year over the last three years.

Virtus Diversified Income & Convertible Fund Stock Down 3.3 %

Shares of NYSE ACV opened at $20.15 on Tuesday. Virtus Diversified Income & Convertible Fund has a fifty-two week low of $19.57 and a fifty-two week high of $24.50. The company has a 50 day simple moving average of $22.24 and a two-hundred day simple moving average of $21.89.

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.