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

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.18 per share by the consumer goods maker on Tuesday, January 30th. This represents a $2.16 annualized dividend and a dividend yield of 11.27%. The ex-dividend date is Thursday, January 11th.

Virtus Diversified Income & Convertible Fund has increased its dividend by an average of 10.5% per year over the last three years and has increased its dividend every year for the last 1 years.

Virtus Diversified Income & Convertible Fund Trading Up 0.7 %

ACV traded up $0.13 during trading on Monday, hitting $19.16. 23,768 shares of the stock were exchanged, compared to its average volume of 36,263. Virtus Diversified Income & Convertible Fund has a 1-year low of $16.82 and a 1-year high of $24.21. The stock has a fifty day moving average price of $18.41 and a two-hundred day moving average price of $19.13.

Institutional Trading of Virtus Diversified Income & Convertible Fund

A number of large investors have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new position in shares of Virtus Diversified Income & Convertible Fund in the second quarter valued at approximately $53,000. D.A. Davidson & CO. increased its stake in Virtus Diversified Income & Convertible Fund by 12.0% in the 1st quarter. D.A. Davidson & CO. now owns 7,910 shares of the consumer goods maker’s stock valued at $201,000 after buying an additional 850 shares during the period. Invesco Ltd. purchased a new position in Virtus Diversified Income & Convertible Fund during the 3rd quarter worth $215,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the 1st quarter worth $311,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Virtus Diversified Income & Convertible Fund by 19.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 19,579 shares of the consumer goods maker’s stock valued at $344,000 after acquiring an additional 3,190 shares in the last quarter.

Virtus Diversified Income & Convertible Fund Company Profile

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.