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

Virtus Diversified Income & Convertible Fund (NYSE:ACV) declared a monthly dividend on Wednesday, June 3rd. Stockholders of record on Monday, June 15th will be paid a dividend of 0.18 per share by the consumer goods maker on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Monday, June 15th.

Virtus Diversified Income & Convertible Fund Price Performance

NYSE:ACV opened at $28.09 on Thursday. Virtus Diversified Income & Convertible Fund has a twelve month low of $21.74 and a twelve month high of $29.04. The company’s 50 day moving average is $26.26 and its two-hundred day moving average is $26.47.

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.