Virtus Equity & Convertible Income Fund (NYSE:NIE) Plans Quarterly Dividend of $0.58

Virtus Equity & Convertible Income Fund (NYSE:NIE) declared a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Monday, September 14th will be paid a dividend of 0.58 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, September 14th.

Virtus Equity & Convertible Income Fund Stock Performance

Shares of NYSE NIE opened at $26.06 on Thursday. Virtus Equity & Convertible Income Fund has a 52-week low of $22.78 and a 52-week high of $27.24. The company’s 50 day moving average price is $26.30 and its 200-day moving average price is $25.76.

Virtus Equity & Convertible Income Fund Company Profile

Virtus Equity & Convertible Income Fund (NYSE:NIE) is a diversified, closed-end management investment company designed to provide shareholders with a combination of current income and capital appreciation. The fund seeks to achieve its objectives by investing predominantly in convertible securities of U.S. and non-U.S. issuers alongside selected common stocks. Leveraging the hybrid characteristics of convertibles, the fund aims to capture income potential while maintaining exposure to equity market upside.

The fund’s investment strategy centers on a flexible allocation between fixed-income and equity components, with portfolio managers conducting rigorous credit and equity research to identify issuers offering attractive risk-reward profiles.