Virtus Diversified Income & Convertible Fund (NYSE:ACV) Plans Monthly Dividend of $0.18

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, March 4th. Shareholders of record on Monday, April 13th will be given a dividend of 0.18 per share by the consumer goods maker on Wednesday, April 29th. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Monday, April 13th.

Virtus Diversified Income & Convertible Fund Trading Up 1.1%

Shares of NYSE ACV opened at $27.49 on Thursday. The firm’s 50 day moving average price is $27.29 and its 200-day moving average price is $25.62. Virtus Diversified Income & Convertible Fund has a 52-week low of $17.00 and a 52-week 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.