Virtus Convertible & Income Fund

Virtus Convertible & Income Fundverified

NCV-PA

Price:

$22.7624

Market Cap:

$309.08M

Virtus Convertible & Income Fund 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. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as...[Read more]

Industry

Asset Management - Income

IPO Date

2018-09-17

Stock Exchange

NYSE

Ticker

NCV-PA

The Dividend Yield as of September 2024 (TTM) for Virtus Convertible & Income Fund (NCV-PA) is 11.93%

According to Virtus Convertible & Income Fund’s latest financial reports and current stock price. The company's current Dividend Yield is 11.93%. This represents a change of 125.10% compared to the average of 5.30% of the last 4 quarters.

Virtus Convertible & Income Fund (NCV-PA) Historical Dividend Yield (quarterly & annually)

How has NCV-PA Dividend Yield performed in the past?

The mean historical Dividend Yield of Virtus Convertible & Income Fund over the last ten years is 5.73%. The current 11.93% Dividend Yield has changed 108.13% with respect to the historical average. Over the past ten years (40 quarters), NCV-PA's Dividend Yield was at its highest in in the January 2024 quarter at 7.25%. The Dividend Yield was at its lowest in in the November 2013 quarter at 0%.

Quarterly (TTM)
Annual

Average

5.73%

Median

0%

Minimum

0%

Maximum

18.96%

Virtus Convertible & Income Fund (NCV-PA) Dividend Yield by Quarter and Year

Discovering the peaks and valleys of Virtus Convertible & Income 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 = 0%

Maximum Annual Dividend Yield = 18.96%

Minimum Annual Increase = 0%

Minimum Annual Dividend Yield = 0%

Quarterly (TTM)
Annual
YearDividend YieldChange
202414.25%10.65%
202312.88%Infinity%
20220%0%
20210%0%
20200%0%
20190%0%
20180%0%
20170%-100.00%
201618.96%68.77%
201511.23%Infinity%

Virtus Convertible & Income Fund (NCV-PA) Average Dividend Yield

How has NCV-PA Dividend Yield performed in the past?

The current Dividend Yield of Virtus Convertible & Income Fund (NCV-PA) 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

9.04%

5-year avg

5.43%

10-year avg

5.73%

Virtus Convertible & Income Fund (NCV-PA) Dividend Yield vs. Peers

How is NCV-PA’s Dividend Yield compared to its peers?

Virtus Convertible & Income Fund’s Dividend Yield is less than The Gabelli Equity Trust Inc. (11.18%), less than The Gabelli Equity Trust Inc. PFD-G (11.18%), less than Oxford Lane Capital Corp. (18.93%), less than The Gabelli Utility Trust (11.05%), less than The Gabelli Multimedia Trust Inc. 5.125% PFD SER E (17.89%), less than RiverNorth Specialty Finance Corporation (11.07%), less than Tri-Continental Corporation PFD $2.50 (4.36%), less than Oxford Lane Capital Corp. (18.93%),

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Frequently asked questions❓

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How does the current Dividend Yield for Virtus Convertible & Income Fund (NCV-PA) compare to its historical average?