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

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, March 4th. Shareholders of record on Monday, May 11th will be given a dividend of 0.18 per share by the consumer goods maker on Thursday, May 28th. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Monday, May 11th.

Virtus Diversified Income & Convertible Fund Trading Up 1.1%

Shares of NYSE ACV opened at $27.49 on Thursday. The firm’s 50-day moving average price is $27.29 and its 200-day moving average price is $25.62. Virtus Diversified Income & Convertible Fund has a 1-year low of $17.00 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.