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 the year. Since then, ACV stock has increased by 22.5% and is now trading at $22.74.
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Virtus Diversified Income & Convertible Fund saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 26,900 shares, an increase of 47.0% from the December 31st total of 18,300 shares. Based on an average trading volume of 40,600 shares, the short-interest ratio is currently 0.7 days.
View Virtus Diversified Income & Convertible Fund's Short Interest.

Virtus Diversified Income & Convertible Fund declared a None dividend on Tuesday, December 20th. Stockholders of record on Friday, December 30th will be given a dividend of $0.196 per share on Tuesday, January 10th. This represents a yield of 11.04%. The ex-dividend date is Thursday, December 29th. This is a boost from the stock's previous None dividend of $0.18.
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 institutional and retail investors. Top institutional shareholders include LPL Financial LLC (0.00%), Raymond James & Associates (0.00%), Hennion & Walsh Asset Management Inc. (0.00%), DAVENPORT & Co LLC (0.00%) and UBS Group AG (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 $22.74.

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.