Virtus Equity & Convertible Income Fund (NYSE:NIE) Announces Quarterly Dividend of $0.50

Virtus Equity & Convertible Income Fund (NYSE:NIE) announced a quarterly dividend on Wednesday, November 19th. Shareholders of record on Thursday, December 11th will be given a dividend of 0.50 per share on Tuesday, December 30th. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Thursday, December 11th.

Virtus Equity & Convertible Income Fund Stock Performance

Shares of NIE stock opened at $24.77 on Thursday. The company’s 50-day simple moving average is $25.30 and its two-hundred day simple moving average is $24.30. Virtus Equity & Convertible Income Fund has a one year low of $18.54 and a one year high of $26.00.

Virtus Equity & Convertible Income Fund Company Profile

Virtus Equity & Convertible Income Fund is a closed ended equity 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 the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors.