Virtus Convertible: Dividend Insights
Portfolio Pulse from Benzinga Insights
Virtus Convertible (NYSE:NCZ) announced a monthly dividend payout of 3 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, to be paid on March 28, 2024.
March 05, 2024 | 2:46 pm
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NEUTRAL IMPACT
Virtus Convertible (NCZ) announces a monthly dividend of 3 cents per share, with the ex-dividend date this Friday. Eligible shareholders will receive the dividend on March 28, 2024.
The announcement of a dividend payout typically has a neutral short-term impact on a stock's price. While the ex-dividend date might lead to a slight adjustment in stock price (downward by the dividend amount), this is a regular occurrence for stocks with consistent dividend policies and is usually priced into the stock. The importance is rated at 75 due to the relevance of dividend information for income-focused investors, and the confidence level is at 90, reflecting the straightforward nature of dividend announcements.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100