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, June 3rd. Shareholders of record on Monday, July 13th will be paid a dividend of 0.18 per share by the consumer goods maker on Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, July 13th.

Virtus Diversified Income & Convertible Fund Stock Down 1.2%

Shares of ACV stock opened at $28.09 on Thursday. The stock’s fifty day moving average price is $26.26 and its two-hundred day moving average price is $26.47. Virtus Diversified Income & Convertible Fund has a fifty-two week low of $21.74 and a fifty-two week high of $29.04.

Virtus Diversified Income & Convertible Fund Company Profile

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.