Virtus Convertible & Income Fund II
NCZFinancial Services · Stock · monthly payer
$15.75
Add to PortfolioForward Yield
9.14%
Annual Dividend
$1.44
Payout Ratio
40%
5-Yr Growth
-4.6%
Ex-Date
Jun 15, 2026
Frequency
Monthly
NCZ Dividend Safety Score
64/ 100
Grade C
Borderline
Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage40% of earnings paid out
Balance-sheet strengthDebt/equity of 0.11
Yield vs its historyYield in line with its history
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
Is NCZ a good dividend stock?
Yes, with caveatsVirtus Convertible & Income Fund II (NCZ) pays a monthly dividend yielding 9.14% ($1.44/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (40%)
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
- 9.14%
- Payout Ratio
- 40%
- Annual Dividend
- $1.44
- 5-Yr Avg Growth
- -4.6%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 1.21
- Market Cap
- $299.7M
- P/E Ratio
- 4.4
- 5-Yr Total Return
- -27%
- 52-Week Range
- $12.15 – $15.99
- Dividend Safety
- C · 64/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 11, 2026 | — | $0.1200 | regular |
| Apr 13, 2026 | — | $0.1200 | regular |
| Mar 16, 2026 | — | $0.1200 | regular |
| Feb 12, 2026 | — | $0.1200 | regular |
| Jan 12, 2026 | — | $0.1200 | regular |
| Dec 11, 2025 | — | $0.1200 | regular |
| Nov 13, 2025 | — | $0.1200 | regular |
| Oct 14, 2025 | — | $0.1200 | regular |
| Sep 12, 2025 | — | $0.1200 | regular |
| Aug 11, 2025 | — | $0.1200 | regular |
| Jul 11, 2025 | — | $0.1200 | regular |
| Jun 12, 2025 | — | $0.1200 | regular |
| May 12, 2025 | — | $0.1200 | regular |
| Apr 11, 2025 | — | $0.1200 | regular |
Income Calculator
At $1.44 / yr per share
Per payment (monthly)$12.00
Annual$144.00
Monthly avg$12.00
