Virtus Equity & Convertible Income Fund (NIE) to Issue Quarterly Dividend of $0.58 on June 29th

Posted by Francis Steltz on Jun 13th, 2026

Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Free Report) announced a quarterly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be given a dividend of 0.58 per share on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Monday, June 15th. This is a 16.0% increase from Virtus Equity & Convertible Income Fund’s previous quarterly dividend of $0.50.

Virtus Equity & Convertible Income Fund Trading Up 0.5%

Shares of NYSE NIE opened at $26.58 on Friday. The firm has a 50-day simple moving average of $25.93 and a 200-day simple moving average of $25.36. Virtus Equity & Convertible Income Fund has a 52 week low of $22.74 and a 52 week high of $27.24.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NIE. Commonwealth Equity Services LLC grew its position in shares of Virtus Equity & Convertible Income Fund by 26.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 35,900 shares of the company’s stock valued at $895,000 after purchasing an additional 7,477 shares in the last quarter. Kovack Advisors Inc. acquired a new position in Virtus Equity & Convertible Income Fund during the fourth quarter worth $253,000. NewEdge Advisors LLC grew its holdings in Virtus Equity & Convertible Income Fund by 9.8% in the 1st quarter. NewEdge Advisors LLC now owns 6,925 shares of the company’s stock valued at $153,000 after buying an additional 617 shares in the last quarter. US Bancorp DE purchased a new stake in Virtus Equity & Convertible Income Fund in the 3rd quarter valued at $104,000. Finally, First Trust Advisors LP acquired a new stake in shares of Virtus Equity & Convertible Income Fund in the 1st quarter worth $789,000.

About Virtus Equity & Convertible Income Fund

(Get Free Report)

Virtus Equity & Convertible Income Fund (NYSE:NIE) is a diversified, closed-end management investment company designed to provide shareholders with a combination of current income and capital appreciation. The fund seeks to achieve its objectives by investing predominantly in convertible securities of U.S. and non-U.S. issuers alongside selected common stocks. Leveraging the hybrid characteristics of convertibles, the fund aims to capture income potential while maintaining exposure to equity market upside.

The fund’s investment strategy centers on a flexible allocation between fixed-income and equity components, with portfolio managers conducting rigorous credit and equity research to identify issuers offering attractive risk-reward profiles.