Virtus Convertible & Income Fund Announces Upcoming Shareholder Payout

The Board of Trustees for the Virtus Convertible & Income Fund (NYSE: VTA) has announced its latest cash distribution to investors. This upcoming payment will see shareholders receive $0.136 for each share they hold. According to Seeking Alpha, this dividend figure mirrors the payout from the preceding quarter, indicating a consistent return for those invested in the fund. The distribution is scheduled for September 15, 2024. To be eligible for this payment, investors must be on the fund’s records as shareholders by the close of business on September 3, 2024. This date serves as the record cut-off for the impending dividend distribution. Ex-dividend trading will commence on September 2, 2024. This means that shares bought on or after this date will not be entitled to the recently declared dividend, as the right to the payout will remain with the seller. The Virtus Convertible & Income Fund focuses its investment strategy on a mix of convertible securities and income-generating assets, aiming to provide both capital appreciation potential and regular income to its shareholders. Such funds are often attractive to investors seeking a blend of growth and steady payouts from their portfolio allocations. The fund’s consistent dividend declaration highlights its commitment to returning value to its investors, a common practice among closed-end funds that often distribute a portion of their earnings regularly. Investors typically monitor these announcements closely as part of their overall assessment of a fund's performance and reliability.