Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Rating) announced a quarterly dividend on Monday, September 12th, Wall Street Journal reports. Investors of record on Monday, December 12th will be paid a dividend of 0.50 per share on Friday, December 23rd. This represents a $2.00 annualized dividend and a dividend yield of 9.09%. The ex-dividend date of this dividend is Friday, December 9th.
Virtus Equity & Convertible Income Fund has raised its dividend payment by an average of 35.4% annually over the last three years and has increased its dividend every year for the last 1 years.
Get Virtus Equity & Convertible Income Fund alerts:Virtus Equity & Convertible Income Fund Trading Down 2.9 %
NYSE:NIE traded down $0.66 during mid-day trading on Tuesday, hitting $22.00. The stock had a trading volume of 3,602 shares, compared to its average volume of 92,236. The company has a 50 day simple moving average of $22.54 and a 200-day simple moving average of $23.46. Virtus Equity & Convertible Income Fund has a 52 week low of $19.82 and a 52 week high of $32.27.
Institutional Trading of Virtus Equity & Convertible Income Fund
Several hedge funds have recently added to or reduced their stakes in NIE. JPMorgan Chase & Co. acquired a new position in shares of Virtus Equity & Convertible Income Fund during the first quarter valued at $27,000. Walleye Capital LLC acquired a new stake in shares of Virtus Equity & Convertible Income Fund in the 2nd quarter worth approximately $241,000. Thrivent Financial for Lutherans lifted its position in Virtus Equity & Convertible Income Fund by 87.0% in the second quarter. Thrivent Financial for Lutherans now owns 26,325 shares of the company's stock worth $546,000 after purchasing an additional 12,250 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Virtus Equity & Convertible Income Fund by 202.3% in the 2nd quarter. LPL Financial LLC now owns 62,451 shares of the company's stock worth $1,296,000 after buying an additional 41,793 shares in the last quarter.Virtus Equity & Convertible Income Fund Company Profile
(Get Rating)
Virtus Equity & Convertible Income Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors.
Recommended Stories
- Get a free copy of the StockNews.com research report on Virtus Equity & Convertible Income Fund (NIE)
- This Is What To Expect From The S&P 500 Now
- The Two Things You Need To Know About Oracle's FQ1 Report
- Three Value Stocks For A Volatile Market
- 3 Energy Stocks Nearing Breakouts From Cup-Shaped Patterns
- Do These Dividend Achievers Deserve A Place In Your Portfolio?
Receive News & Ratings for Virtus Equity & Convertible Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Equity & Convertible Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.