Virtus Equity & Convertible Income Fund (NIE)Financial Services | Asset Management | New York, United States | NYSE
25.48 USD
+0.16
(0.632%)
⇧
(Oct. 9, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 2:01 a.m. EDT
The most compelling aspect of this closed-end fund is its massive 9.16% dividend yield, which acts as a powerful floor for the share price. However, the payout ratio of 48% suggests the income is sustainable rather than a NAV erosion, though it leaves little room for error if earnings slip. The long-term picture is solid; the business has delivered a +34.64% cumulative return over the last nine years with seven out of nine years showing positive growth, indicating a resilient underlying asset. Yet, the recent price action tells a different story: the stock is trading below both its 50-day and 200-day moving averages, reflecting a muted technical trend despite the positive annual performance. For a short-term trader, the lack of immediate momentum and the flat 0.00% forecast signal make it a neutral hold rather than a high-conviction swing trade. It remains a decent long-term income vehicle, but the technicals suggest waiting for a better entry point. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.018426 |
| AutoTheta | 0.018532 |
| AutoARIMA | 0.019109 |
| MSTL | 0.019134 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 61% |
| H-stat | 0.88 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.378 |
| Excess Kurtosis | -0.61 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-09-13 |
| Last Dividend Date | 2026-09-13 |
| Market Cap | 706,024,384 |
| Trailing P/E | 5.32 |
| Previous Name | AllianzGI Equity & Convertible Income Fund |
| Website | https://www.allianzinvestors.com/Products/pages/456.aspx |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.30% | 10.65% | 9.43% | 12.58% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-14 | 0.580 | 2.302501 |
| 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 | 0.0007855892 |
| Address1 | 1,633 Broadway |
| Address2 | 43rd Floor |
| All Time High | 32.27 |
| All Time Low | 8.61 |
| Ask | 27.52 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 111,680 |
| Average Daily Volume3 Month | 66,107 |
| Average Volume | 66,107 |
| Average Volume10Days | 111,680 |
| Bid | 24.1 |
| Bid Size | 800 |
| City | New York |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 25.48 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,789,430,400 |
| Day High | 25.649 |
| Day Low | 25.2951 |
| Display Name | Virtus Eq & Convertible Incm Fd |
| Dividend Date | 1,546,560,000 |
| Dividend Rate | 2.32 |
| Dividend Yield | 9.16 |
| Earnings Timestamp End | 1,744,369,140 |
| Earnings Timestamp Start | 1,744,369,140 |
| Ebitda Margins | 0.0 |
| Eps Trailing Twelve Months | 4.79 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,789,344,000 |
| Exchange | NYQ |
| Exchange Data Delayed By | 20 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 212 739 3948 |
| Fifty Day Average | 25.7898 |
| Fifty Day Average Change | -0.3098011 |
| Fifty Day Average Change Percent | -0.012012543 |
| Fifty Two Week Change Percent | 0.07855892 |
| Fifty Two Week High | 27.24 |
| Fifty Two Week High Change | -1.7600002 |
| Fifty Two Week High Change Percent | -0.064610876 |
| Fifty Two Week Low | 22.78 |
| Fifty Two Week Low Change | 2.6999989 |
| Fifty Two Week Low Change Percent | 0.11852497 |
| Fifty Two Week Range | 22.78 - 27.24 |
| First Trade Date Milliseconds | 1,172,241,000,000 |
| Five Year Avg Dividend Yield | 9.02 |
| Full Exchange Name | NYSE |
| Fullday Change | 0.17000008 |
| Fullday Change Percent | 0.67246866 |
| Fullday Price | 25.48 |
| 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 | 0.27568 |
| 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 | 1,789,344,000 |
| 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 | 706,024,384 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_32821852 |
| Name Change Date | 2,026-10-12 |
| Non Diluted Market Cap | 704,084,800 |
| Open | 25.51 |
| Operating Margins | 0.0 |
| Payout Ratio | 0.48470002 |
| Phone | 212 739 3000 |
| Prev Name | AllianzGI Equity & Convertible Income Fund |
| Previous Close | 25.32 |
| Price Hint | 2 |
| Profit Margins | 0.0 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.16 |
| Regular Market Change Percent | 0.631911 |
| Regular Market Day High | 25.649 |
| Regular Market Day Low | 25.2951 |
| Regular Market Day Range | 25.2951 - 25.649 |
| Regular Market Open | 25.51 |
| Regular Market Previous Close | 25.32 |
| Regular Market Price | 25.48 |
| Regular Market Time | 1,791,576,002 |
| Regular Market Volume | 106,366 |
| Sand P52 Week Change | 0.17383456 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 27,708,965 |
| Shares Percent Shares Out | 0.0018000001 |
| Shares Short | 49,768 |
| Shares Short Previous Month Date | 1,786,665,600 |
| Shares Short Prior Month | 13,145 |
| Short Name | AllianzGI Equity & Convertible |
| Short Percent Of Float | 0.0018000001 |
| Short Ratio | 0.74 |
| Source Interval | 15 |
| State | NY |
| Symbol | NIE |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 4.79 |
| Trailing P E | 5.3194156 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 25.6416 |
| Two Hundred Day Average Change | -0.16160011 |
| Two Hundred Day Average Change Percent | -0.006302263 |
| Type Disp | Equity |
| Volume | 106,366 |
| Website | https://www.allianzinvestors.com/Products/pages/456.aspx |
| Zip | 10,019 |