SmarterDividends
ACV

Virtus Diversified Income & Convertible Fund

ACV

Financial Services · Asset Management · Stock · monthly payer

$24.10

Undervalued · +145% Add to Portfolio

Forward Yield

10.72%

Annual Dividend

$2.58

Payout Ratio

35%

5-Yr Growth

1.5%

Ex-Date

Nov 12, 2026

Frequency

Monthly

Key facts about ACV's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 30, 2026, Virtus Diversified Income & Convertible Fund (ACV) has a forward dividend yield of 10.72%, based on an annual dividend of $2.58 per share and a share price of $24.10.
  • As of Oct 30, 2026, ACV's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
  • ACV has never cut its regular dividend in the payment history SmarterDividends has on record.
  • ACV's next ex-dividend date is Nov 12, 2026, with payment on Nov 27, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 30, 2026, ACV pays out 35% of its trailing 12-month earnings as dividends (its payout ratio).
  • ACV's dividend has grown at an average rate of 1.5% a year over the past five years.
  • As of Oct 30, 2026, ACV's 10.72% yield is 18% below its five-year average yield of 13.12%.
  • As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for ACV is $59.09 per share, 145% above the $24.10 share price, so ACV screens as undervalued.
  • Virtus Diversified Income & Convertible Fund (ACV) pays its dividend monthly, 12 times a year.
  • Virtus Diversified Income & Convertible Fund (ACV) has raised its regular dividend 3 times and cut it 1 time across the 140 payments on record since 2015. Its most recent change was a 19.4% increase to $0.215 per share, going ex-dividend on Oct 13, 2026. The last cut went ex-dividend on Jan 19, 2023.
Cite this page

SmarterDividends, "ACV Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/ACV

Summary

As of Oct 30, 2026, Virtus Diversified Income & Convertible Fund (ACV) yields 10.72% ($2.58 a year per share) and has a dividend safety grade of A (88/100).

Is ACV a good dividend stock?

Yes

Virtus Diversified Income & Convertible Fund (ACV) pays a monthly dividend yielding 10.72% ($2.58/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Never cut its dividend on record
  • Comfortable payout ratio (35%)
  • Top-tier dividend safety score

Risks

  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
10.72%
Payout Ratio
35%
Annual Dividend
$2.58
5-Yr Avg Growth
1.5%
Ex-Dividend Date
Nov 12, 2026
Years of Growth
0
Frequency
monthly
Beta
—
Market Cap
$250.5M
P/E Ratio
3.9
5-Yr Total Return
-30%
52-Week Range
$23.33 – $29.04
Dividend Safety
A · 88/100
Ever Cut?
No

ACV dividend raises and cuts

Virtus Diversified Income & Convertible Fund (ACV) has raised its regular dividend 3 times and cut it 1 time across the 140 payments on record since 2015. Its most recent change was a 19.4% increase to $0.215 per share, going ex-dividend on Oct 13, 2026. The last cut went ex-dividend on Jan 19, 2023.

Ex-dateChangeOld → newMove
Oct 13, 2026Raise$0.180 → $0.215+19.4%
Jan 19, 2023Cut$0.196 → $0.180−8.2%
Dec 29, 2022Raise$0.180 → $0.196+8.9%
Jan 12, 2022Raise$0.167 → $0.180+7.8%
Every ACV payment →Download every raise and cut (CSV)
ACV ex-dividend date & scheduleNext ex-date Nov 12, 2026 · full ex-dividend historyView →ACV dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is ACV a good dividend stock?

Yes. Virtus Diversified Income & Convertible Fund (ACV) pays a monthly dividend yielding 10.72% ($2.58/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is ACV undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ACV's fair value is about $59.09 versus a $24.10 share price — so it looks undervalued (+145% vs. fair value).

Is ACV's dividend safe?

ACV has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is ACV's fair value?

Our blended fair-value estimate for ACV is about $59.09 per share, roughly 145% above the current $24.10 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is ACV a buy, hold, or sell?

We don't issue formal ratings, but on the data ACV screens as "yes" and undervalued. Virtus Diversified Income & Convertible Fund (ACV) pays a monthly dividend yielding 10.72% ($2.58/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will ACV cut its dividend?

ACV earns a dividend-safety grade of A (88/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does ACV pay a dividend?

Yes. Virtus Diversified Income & Convertible Fund pays a monthly dividend of about $2.58 per share annually, a forward yield of roughly 10.72%.

What is ACV's dividend yield?

As of Oct 30, 2026, ACV's forward dividend yield is 10.72%, based on a $2.58 annual dividend and a $24.10 share price.

What is ACV's dividend per share?

As of Oct 30, 2026, ACV pays $2.58 per share per year, distributed on a monthly basis.

What is ACV's dividend payout ratio?

As of Oct 30, 2026, ACV's payout ratio is 35% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has ACV grown its dividend?

ACV does not currently have a long dividend-growth streak on record.

When is the next ACV ex-dividend date?

As of Oct 30, 2026, the next ex-dividend date on record for ACV is Nov 12, 2026.

Income Calculator

At $2.58 / yr per share

Per payment (monthly)$21.50
Annual$258.00
Monthly avg$21.50

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