Virtus Convertible & Income Fund
NCV-PAFinancial Services · Stock · quarterly payer
Forward Yield
7.12%
Annual Dividend
$1.41
Payout Ratio
—
5-Yr Growth
—
Ex-Date
Sep 23, 2026
Frequency
Quarterly
Summary
As of September 2026, Virtus Convertible & Income Fund (NCV-PA) yields 7.12% ($1.41 per share annually), with a blended fair-value estimate of $13.60 — -31% downside, so it screens as overvalued. Dividend safety grade: B (72/100).
Is NCV-PA a good dividend stock?
Yes, with caveatsVirtus Convertible & Income Fund (NCV-PA) pays a quarterly dividend yielding 7.12% ($1.41/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
- Never cut its dividend on record
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.12%
- Payout Ratio
- —
- Annual Dividend
- $1.41
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 23, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.19
- Market Cap
- —
- P/E Ratio
- 13.4
- 5-Yr Total Return
- -26%
- 52-Week Range
- $19.69 – $21.90
- Dividend Safety
- B · 72/100
- Ever Cut?
- No
Frequently Asked Questions
NCV-PA Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
-5%
5 Years
-26%
52-Week Range
$19.69 – $21.90
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NCV-PA worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Virtus Convertible & Income Fund is $13.60 per share, versus a market price of $19.75. That implies 31% of downside.
Fair Value
$13.60
Current Price
$19.75
Downside
-31%
Margin of Safety
-45%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.47 EPS, $1.41 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NCV-PA Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.3516 | regular |
| Mar 24, 2026 | — | $0.3516 | regular |
| Dec 11, 2025 | — | $0.3516 | regular |
| Sep 12, 2025 | — | $0.3516 | regular |
| Jun 12, 2025 | — | $0.3516 | regular |
| Mar 17, 2025 | — | $0.3516 | regular |
| Dec 12, 2024 | — | $0.3516 | regular |
| Sep 13, 2024 | — | $0.3516 | regular |
| Jun 13, 2024 | — | $0.3516 | regular |
| Mar 8, 2024 | — | $0.3516 | regular |
| Dec 8, 2023 | — | $0.3516 | regular |
| Sep 8, 2023 | — | $0.3516 | regular |
| Jun 9, 2023 | — | $0.3516 | regular |
| Dec 9, 2022 | — | $0.3516 | regular |
Income Calculator
At $1.41 / yr per share
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