Virtus Convertible &ome FundNCV +0.11%41 Dividend Payout Ratio is 0.31 as of Jan. 2026, which is 64% below its 10-year median of 0.85. GuruFocus rates NCV with a GF Score™ of 41/100 and a GF Value™ of $55.59 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 932 Asset Management companies, Virtus Convertible &ome Fund ranks better than 65.99% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Virtus Convertible &ome Fund's Dividend Payout Ratio for the
months ended in Jan. 2026 was 0.31.
The historical rank and industry rank for Virtus Convertible &ome Fund's Dividend Payout Ratio or its related term are showing as below:
NCV'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.85 Max: 4.63
Current: 0.45
During the past 8 years, the highest Dividend Payout Ratio of Virtus Convertible &ome Fund was 4.63. The lowest was 0.14. And the median was 0.85.
NCV's Dividend Payout Ratio is ranked better than 65.99% of 932
companies
in the Asset Management industry
Industry Median: 0.7
vs NCV: 0.45
During the past 8 years, the highest Trailing Annual Dividend Yield of Virtus Convertible &ome Fund was 20.26%. The lowest was 7.98%. And the median was 12.38%.
During the past 3 years, the average Dividends Per Share Growth Rate was -7.20% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -8.30% per year.
During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of Virtus Convertible &ome Fund was -7.20% per year. The lowest was -13.20% per year. And the median was -12.90% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Virtus Convertible &ome Fund (NYSE:NCV) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Virtus Convertible &ome Fund Dividend Payout Ratio Related Terms
Virtus Convertible &ome Fund Dividend Payout Ratio Historical Data
* 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 Convertible &ome Fund Dividend Payout Ratio Chart
NCV vs ALTI, HFRO, MYN: Dividend Payout Ratio Comparison
For the Asset Management subindustry, Virtus Convertible &ome Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Convertible &ome Fund Dividend Payout Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Virtus Convertible &ome Fund's Dividend Payout Ratio falls into.
Virtus Convertible &ome Fund Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Virtus Convertible &ome Fund's Dividend Payout Ratio for the fiscal year that ended in Jan. 2026 is calculated as
* 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 Convertible &ome Fund (NCV) has a Dividend Payout Ratio of 0.31 as of Jan. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Virtus Convertible &ome Fund and its competitors. This is 64% below median its historical median of 0.85. Over the past decade, Virtus Convertible &ome Fund's Dividend Payout Ratio has ranged from 0.14 to 4.63. According to the industry distribution chart, Virtus Convertible &ome Fund ranks #317 out of 932 companies in the Asset Management industry, placing it in the top 34%.
Is Virtus Convertible &ome Fund's Dividend Payout Ratio too high?
Virtus Convertible &ome Fund's current Dividend Payout Ratio of 0.31 is 64% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 4.63. The Asset Management industry median Dividend Payout Ratio is 0.70. Virtus Convertible &ome Fund's value of 0.31 is 55.7% below this industry median. Based on the distribution chart, Virtus Convertible &ome Fund ranks #317 out of 932 companies in the Asset Management industry, which is above the industry midpoint. Overall, Virtus Convertible &ome Fund has a GF Score™ of 41/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Virtus Convertible &ome Fund's Dividend Payout Ratio compare to ALTI and HFRO?
According to the Asset Management industry distribution chart, Virtus Convertible &ome Fund ranks #317 out of 932 companies for Dividend Payout Ratio. This puts Virtus Convertible &ome Fund in the upper half of its industry. The industry median Dividend Payout Ratio is 0.70. Virtus Convertible &ome Fund's value of 0.31 is 55.7% below this benchmark. Historically, Virtus Convertible &ome Fund's own Dividend Payout Ratio has ranged from 0.14 to 4.63 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.70, Virtus Convertible &ome Fund has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 932 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Virtus Convertible &ome Fund's current Dividend Payout Ratio of 0.31 is 55.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Virtus Convertible &ome Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virtus Convertible &ome Fund's current Dividend Payout Ratio is 0.31, which is 64% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtus Convertible &ome Fund stock overvalued right now?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund (NCV) is currently considered Significantly Undervalued. The stock's GF Value™ is $55.59, compared to a current price of $17.59 — trading 68.4% below its estimated fair value. The current Dividend Payout Ratio is 0.31, which is 64% below median its 10-year median of 0.85 and 55.7% below the Asset Management industry median of 0.70. Virtus Convertible &ome Fund's overall GF Score™ is 41/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Virtus Convertible &ome Fund (NCV), the current Dividend Payout Ratio is 0.31 as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Virtus Convertible &ome Fund (NCV) Overvalued in 2026?
Based on GuruFocus' analysis, Virtus Convertible &ome Fund stock appears to be undervalued.
The current stock price of $17.59 is trading 68.4% below its estimated GF Value™ of $55.59.
GuruFocus considers Virtus Convertible &ome Fund to be Significantly Undervalued.
Key valuation signals for NCV:
Dividend Payout Ratio: 0.31 (64% below median its 10-year median of 0.85)
GF Value™: $55.59 vs. price of $17.59 (68.4% below fair value)
Industry Position: 55.7% below the Asset Management median (#317 of 932)
No single metric tells the full story. See the NCV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes Software, the Internet, the Commercial Services sector in the form of Convertible Bonds and Notes, and Media, Oil, Gas & Consumable Fuels, and Entertainment sector in the form of Corporate Bonds and Notes.
41GF Score
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