Virtus Equity & Convertible Income Fund (NYSE:NIE – Get Rating) declared a quarterly dividend on Thursday, January 12th, Wall Street Journal reports. Investors of record on Monday, March 13th will be given a dividend of 0.50 per share on Friday, March 24th. This represents a $2.00 annualized dividend and a yield of 10.13%. The ex-dividend date is Friday, March 10th.
Virtus Equity & Convertible Income Fund has raised its dividend payment by an average of 18.0% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.
Get Virtus Equity & Convertible Income Fund alerts:Virtus Equity & Convertible Income Fund Price Performance
NYSE NIE opened at $19.75 on Wednesday. Virtus Equity & Convertible Income Fund has a one year low of $18.02 and a one year high of $27.57. The company's 50-day simple moving average is $19.77 and its two-hundred day simple moving average is $20.69.
Institutional Investors Weigh In On Virtus Equity & Convertible Income Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC purchased a new position in shares of Virtus Equity & Convertible Income Fund in the fourth quarter worth about $27,000. JPMorgan Chase & Co. acquired a new stake in Virtus Equity & Convertible Income Fund during the 1st quarter worth about $27,000. Walleye Capital LLC acquired a new position in shares of Virtus Equity & Convertible Income Fund in the 2nd quarter valued at about $241,000. Virtu Financial LLC purchased a new stake in Virtus Equity & Convertible Income Fund in the 4th quarter worth approximately $252,000. Finally, Logan Stone Capital LLC acquired a new stake in shares of Virtus Equity & Convertible Income Fund during the 4th quarter worth approximately $268,000.
About Virtus Equity & Convertible Income Fund
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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.
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