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Virtus AllianzGI Diversifiedomenvertible Fund (Virtus AllianzGI Diversifiedomenvertible Fund) 5-Year Dividend Growth Rate : 5.80% (As of Jan. 2023)


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What is Virtus AllianzGI Diversifiedomenvertible Fund 5-Year Dividend Growth Rate?

Virtus AllianzGI Diversifiedomenvertible Fund's Dividends per Share for the six months ended in Jan. 2023 was $1.08.

During the past 3 years, the average Dividends Per Share Growth Rate was 2.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 7 years, the highest 3-Year average Dividends Per Share Growth Rate of Virtus AllianzGI Diversifiedomenvertible Fund was 57.40% per year. The lowest was 2.50% per year. And the median was 2.50% per year.

Virtus AllianzGI Diversifiedomenvertible Fund's Dividend Payout Ratio for the six months ended in Jan. 2023 was 0.00. As of today, Virtus AllianzGI Diversifiedomenvertible Fund's Dividend Yield % is 9.66%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Virtus AllianzGI Diversified Income & Convertible Fund is 1.207, which seems too high.

Warning Sign:

Virtus AllianzGI Diversified Income & Convertible Fund stock dividend yield is close to 2-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Virtus AllianzGI Diversifiedomenvertible Fund's 5-Year Dividend Growth Rate

For the Asset Management subindustry, Virtus AllianzGI Diversifiedomenvertible Fund's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Virtus AllianzGI Diversifiedomenvertible Fund's 5-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus AllianzGI Diversifiedomenvertible Fund's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Virtus AllianzGI Diversifiedomenvertible Fund's 5-Year Dividend Growth Rate falls into.



Virtus AllianzGI Diversifiedomenvertible Fund 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Virtus AllianzGI Diversifiedomenvertible Fund  (NYSE:ACV) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Virtus AllianzGI Diversifiedomenvertible Fund's Dividend Payout Ratio for the quarter that ended in Jan. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jan. 2023 )/ EPS without NRI (Q: Jan. 2023 )
=1.08/ -0.157
=N/A

During the past 7 years, the highest Dividend Payout Ratio of Virtus AllianzGI Diversifiedomenvertible Fund was 11.79. The lowest was 0.16. And the median was 0.47.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Virtus AllianzGI Diversified Income & Convertible Fund is 1.207, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Virtus AllianzGI Diversifiedomenvertible Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1802024-04-102024-04-112024-04-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802024-03-082024-03-112024-03-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802024-02-092024-02-122024-02-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802024-01-112024-01-122024-01-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802023-12-082023-12-112024-01-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802023-11-102023-11-132023-12-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802023-10-112023-10-122023-11-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802023-09-082023-09-112023-10-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802023-08-102023-08-112023-09-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802023-07-122023-07-132023-08-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802023-06-092023-06-122023-07-03Cash DividendmonthlyUSD:USD 1.000000
USD 0.1802023-05-102023-05-112023-06-01Cash DividendmonthlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Virtus AllianzGI Diversifiedomenvertible Fund's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=2.16/22.37
=9.66 %

Current Share Price is $22.37.
Virtus AllianzGI Diversifiedomenvertible Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.16.

During the past 7 years, the highest Dividend Yield of Virtus AllianzGI Diversifiedomenvertible Fund was 44.54%. The lowest was 5.40%. And the median was 8.87%.

Warning Sign:

Virtus AllianzGI Diversified Income & Convertible Fund stock dividend yield is close to 2-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Virtus AllianzGI Diversifiedomenvertible Fund 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of Virtus AllianzGI Diversifiedomenvertible Fund's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.


Virtus AllianzGI Diversifiedomenvertible Fund (Virtus AllianzGI Diversifiedomenvertible Fund) Business Description

Traded in Other Exchanges
N/A
Address
101 Munson Street, Greenfield, MA, USA, 01301
Virtus AllianzGI Diversified Income & Convertible Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of current income and capital appreciation while seeking to provide downside protection against capital loss. It seeks to achieve its investment objective by investing in a combination of convertible securities, debt and other income-producing instruments and common stocks and other equity securities.
Executives
Mcdaniel Connie D director C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Geraldine M Mcnamara director 150 EAST 44TH ST, APT 35G, NEW YORK NY 10017
Voya Investment Management Co other: Subadviser to the issuer 10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Christine Hurtsellers other: CEO - Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa other: CIO-Subadviser to the issuer 800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky other: CIO-Subadviser to the issuer 230 PARK AVENUE, NEW YORK NY 10169
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
David J. Oberto officer: Portfolio Manager 1633 BROADWAY, NEW YORK NY 10019
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Brian T Zino director 100 PARK AVENUE, NEW YORK NY 10017
George R Aylward director, officer: President and CEO C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Richard W Smirl officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
Bradley William Patrick Iii officer: EVP, CFO and Treasurer C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
Francis G Waltman officer: EVP C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536

Virtus AllianzGI Diversifiedomenvertible Fund (Virtus AllianzGI Diversifiedomenvertible Fund) Headlines