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Virtus Convertible &ome Fund (Virtus Convertible &ome Fund) Dividend Yield % : 12.75% (As of May. 11, 2024)


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What is Virtus Convertible &ome Fund Dividend Yield %?

As of today (2024-05-11), the Trailing Annual Dividend Yield of Virtus Convertible &ome Fund is 12.75%.

Warning Sign:

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

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

NCV' s Dividend Yield % Range Over the Past 10 Years
Min: 7.98   Med: 13.04   Max: 20.26
Current: 12.75

During the past 6 years, the highest Dividend Yield of Virtus Convertible &ome Fund was 20.26%. The lowest was 7.98%. And the median was 13.04%.

NCV's Dividend Yield % is ranked better than
92.76% of 1215 companies
in the Asset Management industry
Industry Median: 5.57 vs NCV: 12.75

Virtus Convertible &ome Fund's Dividend Payout Ratio for the six months ended in Jan. 2023 was 0.00.

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 is 4.633, which seems too high.

During the past 6 years, the highest Dividend Payout Ratio of Virtus Convertible &ome Fund was 4.63. The lowest was 0.30. And the median was 1.37.

As of today (2024-05-11), the Forward Dividend Yield % of Virtus Convertible &ome Fund is 12.75%.

Virtus Convertible &ome Fund's Dividends per Share for the six months ended in Jan. 2023 was $0.26.

During the past 12 months, Virtus Convertible &ome Fund's average Dividends Per Share Growth Rate was -18.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -12.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -12.40% per year.

During the past 6 years, the highest 3-Year average Dividends Per Share Growth Rate of Virtus Convertible &ome Fund was -12.90% per year. The lowest was -13.20% per year. And the median was -13.20% per year.

The growth rate is calculated with least square regression.

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


Virtus Convertible &ome Fund Dividend Yield % Historical Data

The historical data trend for Virtus Convertible &ome Fund's Dividend Yield % 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 Dividend Yield % Chart

Virtus Convertible &ome Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Jan23 Jan24
Dividend Yield %
Get a 7-Day Free Trial 12.50 12.60 9.15 12.88 12.96

Virtus Convertible &ome Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Jul22 Jan23 Jan24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.15 8.27 12.98 12.88 12.96

Competitive Comparison of Virtus Convertible &ome Fund's Dividend Yield %

For the Asset Management subindustry, Virtus Convertible &ome Fund's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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's Dividend Yield % Distribution in the Asset Management Industry

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

* The bar in red indicates where Virtus Convertible &ome Fund's Dividend Yield % falls into.



Virtus Convertible &ome Fund Dividend Yield % Calculation

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

Virtus Convertible &ome Fund Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0340002024-05-102024-05-132024-05-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002024-04-102024-04-112024-04-29Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002024-03-082024-03-112024-03-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002024-02-092024-02-122024-02-28Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002024-01-112024-01-122024-01-30Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002023-12-082023-12-112024-01-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002023-11-102023-11-132023-12-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002023-10-112023-10-122023-11-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002023-09-082023-09-112023-10-02Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002023-08-102023-08-112023-09-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002023-07-122023-07-132023-08-01Cash DividendmonthlyUSD:USD 1.000000
USD 0.0340002023-06-092023-06-122023-07-03Cash 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 Convertible &ome Fund's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.408/3.20
=12.75 %

Current Share Price is $3.20.
Virtus Convertible &ome Fund's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.408.

Virtus Convertible &ome Fund's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.408/3.20
=12.75 %

Current Share Price is $3.20.
Virtus Convertible &ome Fund's Dividends per Share for the forward twelve months is calculated as $0.034 * 12 = $0.408.

* 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  (NYSE:NCV) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Virtus Convertible &ome Fund Dividend Yield % Related Terms

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


Virtus Convertible &ome Fund (Virtus Convertible &ome Fund) Business Description

Traded in Other Exchanges
Address
101 Munson Street, Greenfield, MA, USA, 01301-9683
Virtus Convertible & Income Fund 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. 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 different sector investments such as in aerospace and defense, healthcare services, oil, gas, and consumable fuels, telecommunications, 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
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
R Keith Walton director 100 PEARL STREET, HARTFORD CT 06103
Deborah A Decotis director 1633 BROADWAY, NEW YORK NY 10019
David J. Oberto officer: Portfolio Manager 1633 BROADWAY, NEW YORK NY 10019
Philip R Mcloughlin director 800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
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
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

Virtus Convertible &ome Fund (Virtus Convertible &ome Fund) Headlines

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