Virtus Equity & Convertible Income Fund (NIE)
| Market Value | 668.62M |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 27.71M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $2.00 (8.29%) |
| Ex-Dividend Date | Sep 13, 2024 |
| Volume | 61,598 |
| Open | 24.12 |
| Previous Close | 24.07 |
| Day's Range | 24.00 - 24.20 |
| 52-Week Range | 20.10 - 24.21 |
| Beta | 1.02 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About NIE
Virtus Equity & Convertible Income Fund is a closed ended equity mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of companies. The fund also invests in income producing convertible securities. It employs fundamental analysis focusing on factors like above-average earnings grow... [Read more]
News
Virtus Equity & Convertible Income Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following quarterly distributions: Ticker Amount of Distribution Ex-Date/Record Date Payable D...
NIE: Updates On Finances And Distributions Following Release Of Semi-Annual Report
Virtus Equity & Convertible Income Fund offers a high yield of 8.74%, which is higher than many other closed-end funds using similar strategies. The NIE closed-end fund's strategy includes investing i...
Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Da...
NIE: Multi-Asset CEF Pays Attractive Distribution Yield And Provides Some Downside Protection
Virtus Equity & Convertible Income Fund invests in equities and convertible securities, with varying allocations between the two. The fund uses a covered call option strategy on 70% of the equity port...
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income...
Investors' Choice: Roller Coaster Or Merry-Go-Round?
Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demo...
These ‘Chameleon' 9%+ Dividends Will Be The Income Play Of The Decade
Let's talk about convertibles for a second—but not the car with a removable top that everyone thinks of when they hear that word: I'm talking about convertible bonds.
NIE: This CEF Is A Surprisingly Good Equity/Convertible Offering From Virtus
Virtus Equity & Convertible Income Fund aims to provide investors with an attractive level of income without sacrificing the upside potential of investing in equities. The NIE closed-end fund invests ...
NIE: Discounted But Not A Bargain
The Virtus Equity & Convertible Income Fund is benefiting from its heavy exposure to mega-cap tech stocks, leading to a solid performance in 2023. The fund's discount has narrowed throughout the year,...
NIE: Short-Term Pain In This Current Environment
Virtus Equity & Convertible Income Fund drops nearly 4% amidst broader market selloff. NIE relies on capital gains to cover its 10% annual distribution rate, which is challenging in the current high i...
Our 10.1% Dividend Strategy For Weathering This Fall Pullback
It's been almost two years since stocks last hit all-time highs, and the S&P 500 is still sitting some 11% below the peak!
NIE: Still Uncertain, But This Fund Is Better Than Most
Virtus Equity & Convertible Income Fund offers a high level of income from equities, boasting a 10.08% yield compared to the S&P 500's 1.52%. The NIE closed-end fund has outperformed the S&P 500 Index...
NIE: Tech Weighting Could Be A Problem, But It's A Solid Fund
Anyone that's followed me for a while knows I'm obsessed with the word "conditions" when it comes to investing. Virtus Equity & Convertible Income Fund has done quite well for some time now, consisten...
2 Unsung 9% Paying Funds With Dividends That Soar
Stop me if you've heard this one: “If you buy a high-yielding investment, your big yield won't last because they'll cut dividends.”
Virtus Equity & Convertible Income Fund Discloses Sources of Distribution – Section 19(a) Notice
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) previously announced the following quarterly distribution on March 16, 2023: Ticker Amount of Distribution Ex-Date...
These 8% Dividends Are Key To Early Retirement
With yields north of 7%, closed-end funds (CEFs) should be a staple of every American's portfolio.
NIE: Best Way To Gain Through Growth Stocks, Covered Calls, And Convertibles
Price performance of healthcare and financial stocks in NIE's portfolio was quite disappointing this year. However, technology stocks performed well. NIE has been able to generate an exceptionally hig...
Certain Virtus Closed-End Funds Announce Date of Shareholder Meetings
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income...
Certain Virtus Closed-End Funds Name Ethan Turner as Portfolio Manager
HARTFORD, Conn. , Jan. 27, 2023 /PRNewswire/ -- Seven Virtus closed-end funds that are subadvised by Voya Investment Management (Voya IM) announced that Ethan Turner has been appointed as a portfolio ...
Virtus Equity & Convertible Income Fund Announces Distribution
HARTFORD, Conn. , Jan. 12, 2023 /PRNewswire/ -- Virtus Equity & Convertible Income Fund (NYSE: NIE), today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record...
NIE: I Want To Like This Convertible CEF But I'm Not Sure It's Worth The Risk
Convertible securities offer the best of fixed-income securities and common equities to investors. AllianzGI Equity & Convertible Income Fund is heavily invested in technology and healthcare companies...
Virtus Equity & Convertible Income Fund Announces Special Year-End Distribution and Discloses Sources of Distribution - Section 19(a) Notice
HARTFORD, Conn. , Dec. 20, 2022 /PRNewswire/ -- Virtus Equity & Convertible Income Fund (NYSE: NIE), announced the following special year-end distribution on its common shares.
Virtus Equity & Convertible Income Fund Discloses Sources of Distribution - Section 19(a) Notice
HARTFORD, Conn. , Dec. 14, 2022 /PRNewswire/ -- Virtus Equity & Convertible Income Fund (NYSE: NIE), previously announced the following quarterly distribution on September 8, 2022: Ticker Amount of D...
NIE: CEF That Combines Growth Stocks, Covered Calls And Convertibles
NIE has been paying consistent quarterly dividends with a reasonably strong yield and exceptionally high total return over the long term. Convertible securities protected NIE from extreme volatility o...
Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution - Section 19(a) Notice
HARTFORD, Conn. , Sept. 8, 2022 /PRNewswire/ -- Virtus Equity & Convertible Income Fund (formerly known as Virtus AllianzGI Equity & Convertible Income Fund) (NYSE: NIE), today announced the following...