Virtus AllianzGI Diversified Income & Convertible Fund declares $0.18 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 07 2025
0mins
Source: SeekingAlpha
Dividend Declaration: Virtus AllianzGI Diversified Income & Convertible Fund (ACV) has declared a monthly dividend of $0.18 per share, maintaining the same amount as previous months.
Payment Schedule: The dividends are payable on April 29, May 29, and June 27, with respective record dates of April 11, May 12, and June 12, and an ex-dividend date of April 11 for the first payment.
Analyst Views on ACV
Wall Street analysts forecast ACV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.390
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Current: 27.390
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About ACV
Virtus Diversified Income & Convertible Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of convertible securities, income-producing equity securities and income-producing debt and other instruments of varying maturities, of which at least 50% of total managed assets are invested in convertibles. The Fund has the latitude to write covered call options on the stocks held in the equity portion. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
