Virtus Equity & Convertible Income Fund (NIE)Financial Services | Asset Management | New York, United States | NYSE
26.04 USD
+0.12
(0.463%)
⇧
(Aug. 27, 2026, 4 p.m.
EDT)
After hours: 26.04 |
Hot Take ↕ | Aug. 22, 2026, 6:05 a.m. EDT
The most compelling aspect of this closed-end fund is its robust income profile, offering an 8.88% yield backed by a sustainable payout ratio of roughly 48%. The dividend history shows consistency, with recent payments hovering around $0.50 quarterly, suggesting management is comfortable returning capital without eroding the asset base. However, the equity component presents a mixed picture: while the long-term trajectory over the last nine years is positive (+27%), the recent annual performance has been flat, lacking the explosive growth often required to justify a premium valuation in this sector. The price is currently trading near its 52-week high, indicating some near-term strength, but the lack of significant recent price appreciation suggests the market is pricing in limited upside potential. For investors seeking high income with moderate capital appreciation, this fits the bill, but those looking for aggressive growth may find the momentum insufficient. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.020495 |
| AutoARIMA | 0.021120 |
| AutoETS | 0.021120 |
| AutoTheta | 0.024391 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 59% |
| H-stat | 2.39 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.879 |
| Excess Kurtosis | 0.35 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-06-14 |
| Last Dividend Date | 2026-06-14 |
| Market Cap | 721,541,440 |
| Trailing P/E | 6.31 |
| Previous Name | AllianzGI Equity & Convertible Income Fund |
| Website | https://www.allianzinvestors.com/Products/pages/456.aspx |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.19% | 10.35% | 9.49% | 12.37% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-15 | 0.580 | 2.191160 |
| 2026-03-16 | 0.500 | 2.066970 |
| 2025-12-29 | 0.526 | 2.104000 |
| 2025-12-11 | 0.500 | 1.984915 |
| 2025-09-12 | 0.500 | 2.004812 |
| 2025-06-12 | 0.500 | 2.157032 |
| 2025-03-13 | 0.500 | 2.288329 |
| 2024-12-12 | 0.500 | 2.050021 |
| 2024-09-13 | 0.500 | 2.219263 |
| 2024-06-13 | 0.500 | 2.185315 |
| 2024-03-08 | 0.500 | 2.303086 |
| 2023-12-08 | 0.500 | 2.443793 |
| 2023-09-08 | 0.500 | 2.457002 |
| 2023-06-09 | 0.500 | 2.483855 |
| 2023-03-10 | 0.500 | 2.658161 |
| 2022-12-29 | 1.977 | 10.880572 |
| 2022-12-09 | 0.500 | 2.415459 |
| 2022-09-09 | 0.500 | 2.219263 |
| 2022-06-10 | 0.500 | 2.329916 |
| 2022-03-11 | 0.500 | 2.033347 |
| 2021-12-23 | 1.754 | 5.881958 |
| 2021-12-17 | 0.380 | 1.251235 |
| 2021-09-10 | 0.380 | 1.250823 |
| 2021-06-11 | 0.380 | 1.294278 |
| 2021-03-12 | 0.380 | 1.359084 |
| 2020-12-18 | 0.380 | 1.357143 |
| 2020-09-11 | 0.380 | 1.608806 |
| 2020-06-12 | 0.380 | 1.747930 |
| 2020-03-13 | 0.380 | 2.094818 |
| 2019-12-20 | 0.380 | 1.650022 |
| 2019-09-13 | 0.380 | 1.731207 |
| 2019-06-14 | 0.380 | 1.811249 |
| 2019-03-08 | 0.380 | 1.852755 |
| 2018-12-21 | 0.380 | 2.177650 |
| 2018-09-14 | 0.380 | 1.627409 |
| 2018-06-08 | 0.380 | 1.722575 |
| 2018-03-09 | 0.380 | 1.750346 |
| 2017-12-22 | 0.380 | 1.791608 |
| 2017-09-08 | 0.380 | 1.910508 |
| 2017-06-08 | 0.380 | 1.927955 |
| 2017-03-09 | 0.380 | 1.980198 |
| 2016-12-22 | 0.380 | 2.033173 |
| 2016-09-08 | 0.380 | 2.000000 |
| 2016-06-09 | 0.380 | 2.069717 |
| 2016-03-10 | 0.380 | 2.168950 |
| 2015-12-23 | 0.380 | 2.093664 |
| 2015-09-10 | 0.380 | 2.181401 |
| 2015-06-11 | 0.380 | 1.915323 |
| 2015-03-12 | 0.380 | 1.920162 |
| 2014-12-29 | 0.380 | 1.837524 |
| 2014-12-24 | 0.380 | 1.810386 |
| 2014-09-11 | 0.380 | 1.881188 |
| 2014-06-12 | 0.280 | 1.398601 |
| 2014-03-13 | 0.280 | 1.459854 |
| 2013-12-24 | 0.520 | 2.676274 |
| 2013-09-12 | 0.280 | 1.515972 |
| 2013-06-13 | 0.280 | 1.515152 |
| 2013-03-14 | 0.280 | 1.558153 |
| 2012-12-26 | 0.280 | 1.695942 |
| 2012-09-13 | 0.280 | 1.620370 |
| 2012-06-14 | 0.280 | 1.736973 |
| 2012-03-15 | 0.280 | 1.570387 |
| 2011-12-28 | 0.280 | 1.794872 |
| 2011-09-15 | 0.280 | 1.710446 |
| 2011-06-16 | 0.280 | 1.591814 |
| 2011-03-17 | 0.280 | 1.508621 |
| 2010-12-29 | 0.280 | 1.525054 |
| 2010-09-16 | 0.280 | 1.694915 |
| 2010-06-17 | 0.280 | 1.759899 |
| 2010-03-18 | 0.280 | 1.652893 |
| 2009-12-23 | 0.280 | 1.704200 |
| 2009-09-17 | 0.280 | 1.807618 |
| 2009-06-18 | 0.280 | 2.005731 |
| 2009-03-19 | 0.280 | 2.575897 |
| 2008-12-24 | 0.625 | 4.890454 |
| 2008-09-18 | 0.563 | 3.670143 |
| 2008-06-19 | 0.563 | 2.733010 |
| 2008-03-19 | 0.563 | 2.932292 |
| 2007-12-27 | 0.563 | 2.541761 |
| 2007-09-20 | 0.563 | 2.404955 |
| 2007-06-01 | 0.563 | 2.267418 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.048731327 |
| Address1 | 1,633 Broadway |
| Address2 | 43rd Floor |
| All Time High | 32.27 |
| All Time Low | 8.61 |
| Ask | 0.0 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 53,350 |
| Average Daily Volume3 Month | 58,192 |
| Average Volume | 58,192 |
| Average Volume10Days | 53,350 |
| Bid | 0.0 |
| Bid Size | 3,600 |
| City | New York |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 26.04 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 26.3499 |
| Day Low | 25.96 |
| Dividend Date | 1,546,560,000 |
| Dividend Rate | 2.32 |
| Dividend Yield | 8.95 |
| Earnings Timestamp End | 1,744,369,140 |
| Earnings Timestamp Start | 1,744,369,140 |
| Ebitda Margins | 0.0 |
| Eps Trailing Twelve Months | 4.13 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,781,481,600 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 212 739 3948 |
| Fifty Day Average | 26.3092 |
| Fifty Day Average Change | -0.26919937 |
| Fifty Day Average Change Percent | -0.010232138 |
| Fifty Two Week Change Percent | 4.8731327 |
| Fifty Two Week High | 27.24 |
| Fifty Two Week High Change | -1.1999989 |
| Fifty Two Week High Change Percent | -0.04405282 |
| Fifty Two Week Low | 22.78 |
| Fifty Two Week Low Change | 3.2600002 |
| Fifty Two Week Low Change Percent | 0.143108 |
| Fifty Two Week Range | 22.78 - 27.24 |
| First Trade Date Milliseconds | 1,172,241,000,000 |
| Five Year Avg Dividend Yield | 9.34 |
| Full Exchange Name | NYSE |
| Fullday Change | 0.120001 |
| Fullday Change Percent | 0.462966 |
| Fullday Price | 26.04 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.0 |
| Held Percent Institutions | 0.27566 |
| Implied Shares Outstanding | 27,708,965 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,781,481,600 |
| Last Dividend Value | 0.58 |
| Long Business Summary | 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 growth, high return on invested capital, a healthy or improving balance sheet, strong competitive advantages, and development of new technologies to make its investments. The fund was formerly known as AGIC Equity & Convertible Income Fund. Virtus Equity & Convertible Income Fund was formed on Feb 27, 2007 and is domiciled in the United States. |
| Long Name | Virtus Equity & Convertible Income Fund |
| Market | us_market |
| Market Cap | 721,541,440 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_32821852 |
| Name Change Date | 2,026-08-28 |
| Non Diluted Market Cap | 718,216,372 |
| Open | 26.11 |
| Operating Margins | 0.0 |
| Payout Ratio | 0.48430002 |
| Phone | 212 739 3000 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 26.04 |
| Post Market Time | 1,787,873,407 |
| Prev Name | AllianzGI Equity & Convertible Income Fund |
| Previous Close | 25.92 |
| Price Hint | 2 |
| Profit Margins | 0.0 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.120001 |
| Regular Market Change Percent | 0.462966 |
| Regular Market Day High | 26.3499 |
| Regular Market Day Low | 25.96 |
| Regular Market Day Range | 25.96 - 26.3499 |
| Regular Market Open | 26.11 |
| Regular Market Previous Close | 25.92 |
| Regular Market Price | 26.04 |
| Regular Market Time | 1,787,860,802 |
| Regular Market Volume | 65,787 |
| Sand P52 Week Change | 0.1890428 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 27,708,965 |
| Shares Percent Shares Out | 0.0005 |
| Shares Short | 13,145 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 29,784 |
| Short Name | AllianzGI Equity & Convertible |
| Short Percent Of Float | 0.0005 |
| Short Ratio | 0.27 |
| Source Interval | 15 |
| State | NY |
| Symbol | NIE |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 4.13 |
| Trailing P E | 6.3050847 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 25.6068 |
| Two Hundred Day Average Change | 0.43320084 |
| Two Hundred Day Average Change Percent | 0.016917413 |
| Type Disp | Equity |
| Volume | 65,787 |
| Website | https://www.allianzinvestors.com/Products/pages/456.aspx |
| Zip | 10,019 |