NCV: High Yield On Common Shares And Security With NCV.PR.A.

Summary Virtus Convertible & Income Fund offers a 10.25% dividend yield, trading at a 9.34% discount to NAV, near its 5-year average. NCV maintains high leverage at 33.22%, with 65.3% in convertibles and 29.5% in high-yield bonds, focusing on IT, Industrials, and Financials. The fund's preferred stock yields 7.22%, trades below par, holds an A rating, and is considered among the safest preferreds in its peer group. Dividend stability may be challenged if high interest rates persist, potentially prompting a cut and a temporary share price drop. I do much more than just articles at Trade With Beta: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » Sean Anthony Eddy/E+ via Getty Images In this article, we will look into the last quarter's earnings of Virtus Convertible & Income Fund ( NCV ), its financial metrics, portfolio, returns, credit quality, and dividends. Its preferred stock ( This article was written by Arbitrage Trader 15.91K Followers Follow Arbitrage Trader, aka Denislav Iliev has been day trading for 15+ years and leads a team of 40 analysts. They identify mispriced investments in fixed-income and closed-end funds based on simple-to-understand financial logic. Denislav leads the investing group Trade With Beta, features of the service include: frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of 1200+ equities, IPO previews, hedging strategies, an actively managed portfolio, and chat for discussion. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in NCV.PR.A over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.