Virtus Diversified Income & Convertible Fund (ACV) to Distribute Monthly Dividend of $0.18 on August 28th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, June 3rd. Investors of record on Thursday, August 13th will be paid a dividend of 0.18 per share by the consumer goods maker on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, August 13th.

Virtus Diversified Income & Convertible Fund Price Performance

ACV stock opened at $27.43 on Tuesday. The stock’s fifty day simple moving average is $27.57 and its two-hundred day simple moving average is $26.92. Virtus Diversified Income & Convertible Fund has a 1-year low of $22.27 and a 1-year high of $29.04.

About Virtus Diversified Income & Convertible Fund

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.