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

Virtus Diversified Income & Convertible Fund (NYSE:ACV) announced a monthly dividend on Wednesday, March 4th. Stockholders of record on Monday, March 16th will be given a dividend of 0.18 per share by the consumer goods maker on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Monday, March 16th.

Virtus Diversified Income & Convertible Fund Stock Up 1.1%

Virtus Diversified Income & Convertible Fund stock opened at $27.49 on Thursday. The stock has a 50-day moving average price of $27.29 and a 200 day moving average price of $25.62. Virtus Diversified Income & Convertible Fund has a 52 week low of $17.00 and a 52 week high of $29.04.

Hedge Funds Weigh In On Virtus Diversified Income & Convertible Fund

Several large investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the second quarter worth approximately $27,000. Farther Finance Advisors LLC purchased a new stake in shares of Virtus Diversified Income & Convertible Fund during the third quarter worth $48,000. International Assets Investment Management LLC acquired a new stake in shares of Virtus Diversified Income & Convertible Fund in the fourth quarter valued at about $73,000. Kestra Advisory Services LLC purchased a new position in shares of Virtus Diversified Income & Convertible Fund in the fourth quarter worth about $144,000. Finally, Cornerstone Advisors LLC purchased a new position in shares of Virtus Diversified Income & Convertible Fund in the third quarter worth about $178,000.

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.