Virtus Convertible & Income Fund (NYSE:NCV) to Issue $0.14 Monthly Dividend

Virtus Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Wednesday, June 3rd. Investors of record on Monday, July 13th will be given a dividend of 0.136 per share by the investment management company on Thursday, July 30th. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Monday, July 13th.

Virtus Convertible & Income Fund Trading Down 1.5%

NCV opened at $17.29 on Thursday. Virtus Convertible & Income Fund has a 12 month low of $13.45 and a 12 month high of $17.60. The stock has a 50-day moving average of $16.46 and a 200 day moving average of $15.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its position in Virtus Convertible & Income Fund by 2.7% in the first quarter. Cetera Investment Advisers now owns 27,019 shares of the investment management company’s stock worth $402,000 after acquiring an additional 708 shares in the last quarter. Alteri Wealth LLC boosted its position in shares of Virtus Convertible & Income Fund by 9.1% during the fourth quarter. Alteri Wealth LLC now owns 11,326 shares of the investment management company’s stock valued at $172,000 after buying an additional 946 shares during the period. CoreCap Advisors LLC grew its stake in shares of Virtus Convertible & Income Fund by 11.1% during the fourth quarter. CoreCap Advisors LLC now owns 16,005 shares of the investment management company’s stock valued at $242,000 after buying an additional 1,600 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of Virtus Convertible & Income Fund by 0.3% in the third quarter. Penserra Capital Management LLC now owns 621,398 shares of the investment management company’s stock worth $9,320,000 after buying an additional 1,724 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Virtus Convertible & Income Fund by 3.2% during the 2nd quarter. Raymond James Financial Inc. now owns 78,137 shares of the investment management company’s stock worth $1,110,000 after acquiring an additional 2,388 shares during the last quarter.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.