Virtus Convertible & Income Fund II (NYSE:NCZ – Get Free Report) announced a monthly dividend on Monday, November 25th,Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.12 per share by the investment management company on Friday, March 28th. This represents a $1.44 annualized dividend and a dividend yield of 43.64%. The ex-dividend date of this dividend is Thursday, March 13th.
Virtus Convertible & Income Fund II has decreased its dividend payment by an average of 3.6% annually over the last three years.
Virtus Convertible & Income Fund II Stock Up 1.2 %
NCZ stock opened at $3.30 on Tuesday. Virtus Convertible & Income Fund II has a 12 month low of $2.70 and a 12 month high of $3.32. The firm’s 50-day moving average is $3.12 and its 200 day moving average is $3.00.
Virtus Convertible & Income Fund II Company Profile
Virtus Convertible & Income Fund II is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.
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