Virtus Diversified Income & Convertible Fund (NYSE:ACV – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.57 and traded as high as $27.61. Virtus Diversified Income & Convertible Fund shares last traded at $27.43, with a volume of 19,384 shares changing hands.
Virtus Diversified Income & Convertible Fund Trading Up 1.9%
The company’s fifty day moving average price is $26.66 and its 200-day moving average price is $26.58.
Virtus Diversified Income & Convertible Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.18 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Thursday, August 13th. Virtus Diversified Income & Convertible Fund’s dividend payout ratio (DPR) is presently 153.94%.
Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund
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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