Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report) declared a monthly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be given a dividend of 0.18 per share by the consumer goods maker on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, June 15th.
Virtus Diversified Income & Convertible Fund Stock Performance
Virtus Diversified Income & Convertible Fund stock opened at $27.91 on Friday. The firm has a 50-day moving average of $26.66 and a 200-day moving average of $26.58. Virtus Diversified Income & Convertible Fund has a one year low of $21.74 and a one year high of $29.04.
Virtus Diversified Income & Convertible Fund Company Profile
Virtus Diversified Income & Convertible Fund (NYSE:ACV) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation. The fund maintains a diversified portfolio of convertible securities, corporate bonds, dividend-paying common stocks and preferred securities. By blending credit and equity-linked instruments, ACV aims to generate attractive yield while participating in potential upside as issuers’ share prices appreciate.
The fund is managed by Virtus Investment Partners and employs a bottom-up, research-driven process to identify opportunities across sectors and geographies.
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