NCZ (Virtus Convertible &ome Fund II) Dividend Payout Ratio : 0.69 (As of Jul. 2024)

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What is Virtus Convertible &ome Fund II Dividend Payout Ratio?

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 II's Dividend Payout Ratio for the months ended in Jul. 2024 was 0.69.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Virtus Convertible & Income Fund II is 2.06, which seems too high.

The historical rank and industry rank for Virtus Convertible &ome Fund II's Dividend Payout Ratio or its related term are showing as below:

NCZ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32 Med: 1.32 Max: 3.6
Current: 2.06

During the past 6 years, the highest Dividend Payout Ratio of Virtus Convertible &ome Fund II was 3.60. The lowest was 0.32. And the median was 1.32.

NCZ's Dividend Payout Ratio is ranked worse than
91.26% of 1018 companies
in the Asset Management industry
Industry Median: 0.675 vs NCZ: 2.06

As of today (2024-12-15), the Dividend Yield % of Virtus Convertible &ome Fund II is 10.98%.

During the past 6 years, the highest Trailing Annual Dividend Yield of Virtus Convertible &ome Fund II was 19.49%. The lowest was 8.91%. And the median was 12.50%.

Virtus Convertible &ome Fund II's Dividends per Share for the months ended in Jul. 2024 was $0.18.

During the past 12 months, Virtus Convertible &ome Fund II's average Dividends Per Share Growth Rate was -11.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -12.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -11.80% per year.

During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of Virtus Convertible &ome Fund II was -10.80% per year. The lowest was -12.60% per year. And the median was -10.90% 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 II Dividend Payout Ratio Historical Data

The historical data trend for Virtus Convertible &ome Fund II's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Virtus Convertible &ome Fund II Dividend Payout Ratio Chart

Virtus Convertible &ome Fund II Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Jan23

Jan24

Dividend Payout Ratio

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1.20

0.32

3.60

Virtus Convertible &ome Fund II Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jul23	Jan24	Jul24
Dividend Payout Ratio	Get a 7-Day Free Trial									-	-	1.29	-	0.69

Competitive Comparison of Virtus Convertible &ome Fund II's Dividend Payout Ratio

For the Asset Management subindustry, Virtus Convertible &ome Fund II'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 II's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome Fund II's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome Fund II's Dividend Payout Ratio falls into.

Virtus Convertible &ome Fund II Dividend Payout Ratio Calculation

Virtus Convertible &ome Fund II's Dividend Payout Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jan. 2024 )	/	EPS without NRI (A: Jan. 2024 )
	=	0.36	/	0.1
	=	3.60

Virtus Convertible &ome Fund II's Dividend Payout Ratio for the quarter that ended in Jul. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jul. 2024 )	/	EPS without NRI (Q: Jul. 2024 )
	=	0.18	/	0.26
	=	0.69

Virtus Convertible &ome Fund II (NYSE:NCZ) 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 II Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome Fund II's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Convertible &ome Fund II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income Fund II (NYSE:NCZ) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301-9683

Website

https://www.virtus.com

Virtus Convertible & Income Fund II is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. Its portfolio of investments includes different sector investments such as in healthcare services, media, oil, gas and consumable fuels and others.

Executives

Metlife Investment Management, Llc	10 percent owner	ONE METLIFE WAY, WHIPPANY NJ 07981
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
R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
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
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Deborah A Decotis	director	1633 BROADWAY, NEW YORK NY 10019
Michael Yee	officer: Portfolio Manager	C/O ALLIANZ EQUITY ADVISORS, 1345 AVE OF THE AMERICAS, NEW YORK NY 10105
David J. Oberto	officer: Portfolio Manager	1633 BROADWAY, NEW YORK NY 10019
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
James S Macleod	director	250 E KILBOURN AVE, MILWAUKEE WI 53202
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103