Virtus Diversified Income & Convertible Fund (ACV) to Issue Monthly Dividend of $0.18 on June 29th

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, June 3rd. Investors of record on Monday, June 15th will be paid a dividend of 0.18 per share by the consumer goods maker on Monday, June 29th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Monday, June 15th.

Virtus Diversified Income & Convertible Fund Trading Down 0.1%

Shares of NYSE:ACV opened at $28.08 on Friday. The company’s 50-day moving average price is $26.32 and its 200 day moving average price is $26.49. Virtus Diversified Income & Convertible Fund has a fifty-two week low of $21.74 and a fifty-two week 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.