Virtus Convertible & Income Fund II (NYSE:NCZ) to Issue $0.12 Monthly Dividend

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Wednesday, November 19th. Investors of record on Thursday, February 12th will be given a dividend of 0.12 per share by the investment management company on Thursday, February 26th. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Thursday, February 12th.

Virtus Convertible & Income Fund II Price Performance

NYSE NCZ traded up $0.28 on Thursday, reaching $13.77. The company had a trading volume of 17,253 shares, compared to its average volume of 72,780. Virtus Convertible & Income Fund II has a 1-year low of $10.23 and a 1-year high of $14.44. The company’s fifty day moving average is $13.93 and its 200-day moving average is $13.16.

Virtus Convertible & Income Fund II Company Profile

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.