Virtus Convertible & Income Fund (NYSE:NCV) Announces Monthly Dividend of $0.14

Virtus Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Wednesday, September 2nd. Shareholders of record on Monday, September 14th will be given a dividend of 0.136 per share by the investment management company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Monday, September 14th.

Virtus Convertible & Income Fund Trading Down 0.5%

NYSE:NCV opened at $16.46 on Thursday. Virtus Convertible & Income Fund has a 12 month low of $14.46 and a 12 month high of $17.65. The firm has a fifty day simple moving average of $16.95 and a 200-day simple moving average of $16.59.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NCV. Wealth Care LLC acquired a new position in Virtus Convertible & Income Fund in the 1st quarter worth approximately $1,016,000. Private Advisor Group LLC lifted its stake in Virtus Convertible & Income Fund by 21.4% during the 1st quarter. Private Advisor Group LLC now owns 164,322 shares of the investment management company’s stock valued at $2,445,000 after acquiring an additional 28,915 shares during the period. Readystate Asset Management LP boosted its holdings in shares of Virtus Convertible & Income Fund by 39.5% in the 1st quarter. Readystate Asset Management LP now owns 36,738 shares of the investment management company’s stock valued at $547,000 after acquiring an additional 10,403 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Virtus Convertible & Income Fund in the first quarter valued at $46,000. Finally, CoreCap Advisors LLC grew its holdings in Virtus Convertible & Income Fund by 6.6% during the second quarter. CoreCap Advisors LLC now owns 72,675 shares of the investment management company’s stock worth $1,278,000 after acquiring an additional 4,475 shares during the period.

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.