Virtus Convertible & Income Fund II (NYSE:NCZ) to Issue Monthly Dividend of $0.12

Virtus Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Wednesday, September 2nd. Stockholders of record on Thursday, November 12th will be given a dividend of 0.12 per share by the investment management company on Friday, November 27th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Thursday, November 12th.

Virtus Convertible & Income Fund II Stock Performance

Shares of NYSE:NCZ opened at $15.27 on Thursday. The firm has a 50 day moving average of $15.54 and a 200-day moving average of $15.10. Virtus Convertible & Income Fund II has a 12 month low of $12.95 and a 12 month high of $16.17.

Institutional Investors Weigh In On Virtus Convertible & Income Fund II

Several hedge funds and other institutional investors have recently bought and sold shares of NCZ. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Virtus Convertible & Income Fund II by 4,943.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after buying an additional 7,366 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Virtus Convertible & Income Fund II during the fourth quarter valued at about $131,000. Readystate Asset Management LP purchased a new stake in Virtus Convertible & Income Fund II in the 4th quarter worth approximately $174,000. PFG Investments LLC raised its stake in Virtus Convertible & Income Fund II by 19.5% in the first quarter. PFG Investments LLC now owns 13,610 shares of the investment management company’s stock valued at $183,000 after purchasing an additional 2,220 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC purchased a new position in shares of Virtus Convertible & Income Fund II during the 1st quarter valued at about $213,000.

About Virtus Convertible & Income Fund II

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed?end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high?yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.