Virtus Diversified Income & Convertible Fund - ACV Stock Forecast, Price & News

Virtus Diversified Income & Convertible Fund's stock was trading at $18.56 at the beginning of 2023. Since then, ACV shares have increased by 3.2% and is now trading at $19.15.
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Virtus Diversified Income & Convertible Fund saw a drop in short interest in February. As of February 28th, there was short interest totaling 21,600 shares, a drop of 37.8% from the February 13th total of 34,700 shares. Based on an average trading volume of 42,800 shares, the days-to-cover ratio is presently 0.5 days.
View Virtus Diversified Income & Convertible Fund's Short Interest.

Virtus Diversified Income & Convertible Fund declared a monthly dividend on Friday, March 3rd. Investors of record on Thursday, April 13th will be given a dividend of $0.18 per share on Monday, May 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 11.28%. The ex-dividend date is Wednesday, April 12th.
Read our dividend analysis for ACV.

Virtus Diversified Income & Convertible Fund (NYSE:ACV) pays an annual dividend of $2.16 per share and currently has a dividend yield of 0.09%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 130.91%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for ACV.

Based on aggregate information from My MarketBeat watchlists, some companies that other Virtus Diversified Income & Convertible Fund investors own include AT&T (T), Enterprise Products Partners (EPD), Gilead Sciences (GILD), Main Street Capital (MAIN), Dominion Energy (D), Enbridge (ENB), Energy Transfer (ET), Altria Group (MO), Realty Income (O) and ONEOK (OKE).

Virtus Diversified Income & Convertible Fund trades on the New York Stock Exchange (NYSE) under the ticker symbol "ACV."

Virtus Diversified Income & Convertible Fund's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wells Fargo & Company MN (0.00%), Advisors Asset Management Inc. (0.00%), LPL Financial LLC (0.00%), Bank of America Corp DE (0.00%), Raymond James & Associates (0.00%) and Morgan Stanley (0.00%). Insiders that own company stock include Deborah A Decotis, F Ford Drummond, George R Aylward and R Keith Walton.
View institutional ownership trends.

Shares of ACV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ACV stock can currently be purchased for approximately $19.15.

Virtus Diversified Income & Convertible Fund's mailing address is 1633 Broadway, NEW YORK, NY 10019-6708, United States. The official website for the company is us.allianzgi.com. The consumer goods maker can be reached via phone at (800) 254-5197.