Virtus Convertible & Income Fund II
NCZ-PAFinancial Services · Stock · quarterly payer
Forward Yield
6.76%
Annual Dividend
$1.38
Payout Ratio
—
5-Yr Growth
—
Ex-Date
Mar 24, 2026
Frequency
Quarterly
Summary
As of July 2026, Virtus Convertible & Income Fund II (NCZ-PA) yields 6.76% ($1.38 per share annually), with a blended fair-value estimate of $12.79 — -37% downside, so it screens as overvalued. Dividend safety grade: B (78/100).
Is NCZ-PA a good dividend stock?
YesVirtus Convertible & Income Fund II (NCZ-PA) pays a quarterly dividend yielding 6.76% ($1.38/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 6.76%
- Payout Ratio
- —
- Annual Dividend
- $1.38
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Mar 24, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.21
- Market Cap
- —
- P/E Ratio
- 15.5
- 5-Yr Total Return
- —
- 52-Week Range
- $19.93 – $21.55
- Dividend Safety
- B · 78/100
- Ever Cut?
- No
Frequently Asked Questions
NCZ-PA Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
-4%
5 Years
—
52-Week Range
$19.93 – $21.55
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NCZ-PA worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Virtus Convertible & Income Fund II is $12.79 per share, versus a market price of $20.33. That implies 37% of downside.
Fair Value
$12.79
Current Price
$20.33
Downside
-37%
Margin of Safety
-59%
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, $1.32 EPS, $1.38 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NCZ-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 |
|---|---|---|---|
| Mar 24, 2026 | — | $0.3438 | regular |
| Dec 11, 2025 | — | $0.3438 | regular |
| Sep 12, 2025 | — | $0.3438 | regular |
| Jun 12, 2025 | — | $0.3438 | regular |
| Mar 17, 2025 | — | $0.3438 | regular |
| Dec 12, 2024 | — | $0.3438 | regular |
| Sep 13, 2024 | — | $0.3438 | regular |
| Jun 13, 2024 | — | $0.3438 | regular |
| Mar 8, 2024 | — | $0.3438 | regular |
| Dec 8, 2023 | — | $0.3438 | regular |
| Sep 8, 2023 | — | $0.3438 | regular |
| Jun 9, 2023 | — | $0.3438 | regular |
| Mar 10, 2023 | — | $0.3438 | regular |
| Dec 9, 2022 | — | $0.3438 | regular |
Income Calculator
At $1.38 / yr per share
