Virtus Diversified Income & Convertible Fund

Virtus Diversified Income & Convertible Fundverified

ACV

Price:

$21.3

Market Cap:

$220.89M

Virtus Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities. It employs fundamental analysis along with bottom-up stock picking approach. Virtus Diversified Income & Convertible Fund was formed In May 27, 2015 and is domiciled in United States.[Read more]

Industry

Asset Management - Income

IPO Date

2015-05-21

Stock Exchange

NYSE

Ticker

ACV

The Dividend Yield as of September 2024 (TTM) for Virtus Diversified Income & Convertible Fund (ACV) is 10.14%

According to Virtus Diversified Income & Convertible Fund’s latest financial reports and current stock price. The company's current Dividend Yield is 10.14%. This represents a change of Infinity% compared to the average of 0% of the last 4 quarters.

Virtus Diversified Income & Convertible Fund (ACV) Historical Dividend Yield (quarterly & annually)

How has ACV Dividend Yield performed in the past?

The mean historical Dividend Yield of Virtus Diversified Income & Convertible Fund over the last ten years is 9.59%. The current 10.14% Dividend Yield has changed 5.75% with respect to the historical average. Over the past ten years (40 quarters), ACV's Dividend Yield was at its highest in in the January 2016 quarter at 5.48%. The Dividend Yield was at its lowest in in the July 2021 quarter at 0%.

Quarterly (TTM)
Annual

Average

9.59%

Median

9.10%

Minimum

0%

Maximum

25.59%

Virtus Diversified Income & Convertible Fund (ACV) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Virtus Diversified Income & Convertible Fund Dividend Yield, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Dividend Yield = 25.59%

Minimum Annual Increase = -59.39%

Minimum Annual Dividend Yield = 0%

Quarterly (TTM)
Annual
YearDividend YieldChange
202410.39%-0.04%
202310.39%-59.39%
202225.59%258.86%
20217.13%-6.20%
20207.60%-17.89%
20199.26%3.47%
20188.95%-13.72%
201710.37%66.81%
20166.22%Infinity%

Virtus Diversified Income & Convertible Fund (ACV) Average Dividend Yield

How has ACV Dividend Yield performed in the past?

The current Dividend Yield of Virtus Diversified Income & Convertible Fund (ACV) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

15.46%

5-year avg

12.22%

10-year avg

9.59%

Virtus Diversified Income & Convertible Fund (ACV) Dividend Yield vs. Peers

How is ACV’s Dividend Yield compared to its peers?

Virtus Diversified Income & Convertible Fund’s Dividend Yield is less than Brookfield Business Corporation (0%), less than Elysee Development Corp. (1.08%), greater than DWS Municipal Income Trust (0%), less than BlackRock MuniVest Fund II, Inc. (4.69%), less than MFS Special Value Trust (4.97%), less than RiverNorth Flexible Municipal Income Fund II, Inc. (2.08%), less than MFS Investment Grade Municipal Trust (7.21%), less than Eaton Vance Tax-Managed Buy-Write Income Fund (3.90%), less than Sprott Focus Trust, Inc. (8.24%), less than Virtus Convertible & Income 2024 Target Term Fund (6.74%), less than Eaton Vance Floating-Rate Income Trust (3.68%), less than NXG NextGen Infrastructure Income Fund (11.24%), less than GAMCO Natural Resources, Gold & Income Trust (15.79%), less than Blackrock Innovation & Growth Trust (6.07%), less than BlackRock Health Sciences Trust II (9.55%), less than Blackrock Resources & Commodities Strategy Trust (9.02%), less than BlackRock ESG Capital Allocation Trust (6.79%), less than null (13.29%),

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