Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.94 and traded as high as $23.05. Virtus Diversified Income & Convertible Fund shares last traded at $22.28, with a volume of 20,684 shares changing hands.
Virtus Diversified Income & Convertible Fund Stock Performance
The firm has a 50 day moving average of $23.18 and a 200-day moving average of $20.94.
Virtus Diversified Income & Convertible Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.16 annualized dividend and a yield of 9.69%. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is 130.91%.
Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund
Virtus Diversified Income & Convertible Fund Company Profile
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.
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