Virtus Convertible & Income Fund II (NCZ) to Issue Monthly Dividend of $0.03 on June 27th

Virtus Convertible & Income Fund II (NYSE:NCZGet Free Report) announced a monthly dividend on Friday, March 1st, Wall Street Journal reports. Shareholders of record on Thursday, June 13th will be paid a dividend of 0.03 per share by the investment management company on Thursday, June 27th. This represents a $0.36 annualized dividend and a yield of 12.41%. The ex-dividend date of this dividend is Thursday, June 13th.

Virtus Convertible & Income Fund II has decreased its dividend by an average of 3.6% per year over the last three years.

Virtus Convertible & Income Fund II Price Performance

NCZ opened at $2.90 on Tuesday. Virtus Convertible & Income Fund II has a 12 month low of $2.50 and a 12 month high of $3.15. The stock has a fifty day moving average price of $2.85 and a 200-day moving average price of $2.88.

About Virtus Convertible & Income Fund II

(Get Free Report)

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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Dividend History for Virtus Convertible & Income Fund II (NYSE:NCZ)

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