SmarterDividends
NCV

Virtus Convertible & Income Fund

NCV

Financial Services · Asset Management · Stock · monthly payer

$15.62

Undervalued · +49% Add to Portfolio

Forward Yield

10.41%

Annual Dividend

$1.63

Payout Ratio

35%

5-Yr Growth

-5.7%

Ex-Date

Oct 13, 2026

Frequency

Monthly

Key facts about NCV's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 13, 2026, Virtus Convertible & Income Fund (NCV) has a forward dividend yield of 10.41%, based on an annual dividend of $1.63 per share and a share price of $15.62.
  • As of Oct 13, 2026, NCV's dividend safety grade from SmarterDividends is B (66 out of 100), which rates the dividend as safe.
  • NCV last cut its regular dividend in 2023.
  • NCV's next ex-dividend date is Oct 13, 2026, with payment on Oct 29, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 13, 2026, NCV pays out 35% of its trailing 12-month earnings as dividends (its payout ratio).
  • NCV's dividend has shrunk at an average rate of 5.7% a year over the past five years.
  • As of Oct 13, 2026, SmarterDividends' blended fair-value estimate for NCV is $23.24 per share, 49% above the $15.62 share price, so NCV screens as undervalued.
  • Virtus Convertible & Income Fund (NCV) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "NCV Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 13, 2026, https://smarterdividends.com/stocks/NCV

Summary

As of Oct 13, 2026, Virtus Convertible & Income Fund (NCV) yields 10.41% ($1.63 a year per share) and has a dividend safety grade of B (66/100).

Is NCV a good dividend stock?

Yes, with caveats

Virtus Convertible & Income Fund (NCV) pays a monthly dividend yielding 10.41% ($1.63/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (35%)

Risks

  • Cut its dividend in 2023
  • Dividend has been shrinking, not growing
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
10.41%
Payout Ratio
35%
Annual Dividend
$1.63
5-Yr Avg Growth
-5.7%
Ex-Dividend Date
Oct 13, 2026
Years of Growth
0
Frequency
monthly
Beta
1.22
Market Cap
$352.9M
P/E Ratio
4.2
5-Yr Total Return
-38%
52-Week Range
$14.46 – $17.65
Dividend Safety
B · 66/100
Ever Cut?
Yes (2023)
NCV ex-dividend date & scheduleNext ex-date Oct 13, 2026 · full ex-dividend historyView →NCV dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is NCV a good dividend stock?

Yes, with caveats. Virtus Convertible & Income Fund (NCV) pays a monthly dividend yielding 10.41% ($1.63/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is NCV undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NCV's fair value is about $23.24 versus a $15.62 share price — so it looks undervalued (+49% vs. fair value).

Is NCV's dividend safe?

NCV has a dividend-safety grade of B (66/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is NCV's fair value?

Our blended fair-value estimate for NCV is about $23.24 per share, roughly 49% above the current $15.62 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NCV a buy, hold, or sell?

We don't issue formal ratings, but on the data NCV screens as "yes, with caveats" and undervalued. Virtus Convertible & Income Fund (NCV) pays a monthly dividend yielding 10.41% ($1.63/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will NCV cut its dividend?

NCV earns a dividend-safety grade of B (66/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NCV pay a dividend?

Yes. Virtus Convertible & Income Fund pays a monthly dividend of about $1.63 per share annually, a forward yield of roughly 10.41%.

What is NCV's dividend yield?

As of Oct 13, 2026, NCV's forward dividend yield is 10.41%, based on a $1.63 annual dividend and a $15.62 share price.

What is NCV's dividend per share?

As of Oct 13, 2026, NCV pays $1.63 per share per year, distributed on a monthly basis.

What is NCV's dividend payout ratio?

As of Oct 13, 2026, NCV'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 NCV grown its dividend?

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

When is the next NCV ex-dividend date?

As of Oct 13, 2026, the next ex-dividend date on record for NCV is Oct 13, 2026.

Income Calculator

At $1.63 / yr per share

Per payment (monthly)$13.58
Annual$163.00
Monthly avg$13.58

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