Virtus Convertible & Income Fund (NYSE:NCV) to Issue $0.14 Monthly Dividend

Virtus Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Wednesday, June 3rd. Stockholders of record on Monday, July 13th will be given a dividend of 0.136 per share by the investment management company on Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Monday, July 13th.

Virtus Convertible & Income Fund Stock Performance

Shares of NYSE:NCV opened at $17.29 on Thursday. The firm has a 50 day simple moving average of $16.46 and a 200 day simple moving average of $15.91. Virtus Convertible & Income Fund has a 52 week low of $13.45 and a 52 week high of $17.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp purchased a new stake in Virtus Convertible & Income Fund in the 1st quarter worth about $46,000. Global Retirement Partners LLC grew its stake in Virtus Convertible & Income Fund by 372.7% during the 4th quarter. Global Retirement Partners LLC now owns 8,404 shares of the investment management company’s stock valued at $127,000 after acquiring an additional 6,626 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Virtus Convertible & Income Fund in the 2nd quarter valued at about $155,000. Alteri Wealth LLC lifted its position in shares of Virtus Convertible & Income Fund by 9.1% in the fourth quarter. Alteri Wealth LLC now owns 11,326 shares of the investment management company’s stock worth $172,000 after purchasing an additional 946 shares in the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new stake in shares of Virtus Convertible & Income Fund in the fourth quarter worth approximately $179,000.

About Virtus Convertible & Income Fund

Virtus Convertible & Income Fund Inc (NYSE: NCV) is a diversified, closed-end management investment company sponsored by Virtus Investment Partners. Listed on the New York Stock Exchange, the fund seeks to deliver a high level of total return by investing primarily in convertible securities and other income-oriented instruments. It pursues a balanced approach that combines elements of equity growth potential with fixed-income stability, aiming to appeal to investors focused on current income and long-term capital appreciation.

The fund’s portfolio is constructed predominantly of convertible bonds issued by U.S.