Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.48 and traded as high as $21.93. Virtus Diversified Income & Convertible Fund shares last traded at $21.85, with a volume of 20,371 shares trading hands.
Virtus Diversified Income & Convertible Fund Stock Performance
The company’s 50 day moving average price is $22.29 and its 200-day moving average price is $21.48.
Virtus Diversified Income & Convertible Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date is Thursday, March 13th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio is currently 130.91%.
Institutional Inflows and Outflows
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.
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