Virtus Equity & Convertible Income Fund
NIEFinancial Services · Stock · quarterly payer
$27.11
Add to PortfolioForward Yield
8.56%
Annual Dividend
$2.32
Payout Ratio
48%
5-Yr Growth
5.6%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
NIE Dividend Safety Score
Very 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
Is NIE a good dividend stock?
YesVirtus Equity & Convertible Income Fund (NIE) pays a quarterly dividend yielding 8.56% ($2.32/yr), with 16 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
- 16 consecutive years of dividend growth
- Comfortable payout ratio (48%)
- Strong 5.6% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 8.56%
- Payout Ratio
- 48%
- Annual Dividend
- $2.32
- 5-Yr Avg Growth
- 5.6%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- —
- Market Cap
- $751.2M
- P/E Ratio
- 6.6
- 5-Yr Total Return
- -11%
- 52-Week Range
- $22.74 – $27.19
- Dividend Safety
- A · 86/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 16, 2026 | — | $0.5000 | regular |
| Dec 29, 2025 | — | $0.5260 | regular |
| Dec 11, 2025 | — | $0.5000 | regular |
| Sep 12, 2025 | — | $0.5000 | regular |
| Jun 12, 2025 | — | $0.5000 | regular |
| Mar 13, 2025 | — | $0.5000 | regular |
| Dec 12, 2024 | — | $0.5000 | regular |
| Sep 13, 2024 | — | $0.5000 | regular |
| Jun 13, 2024 | — | $0.5000 | regular |
| Mar 8, 2024 | — | $0.5000 | regular |
| Dec 8, 2023 | — | $0.5000 | regular |
| Sep 8, 2023 | — | $0.5000 | regular |
| Jun 9, 2023 | — | $0.5000 | regular |
| Mar 10, 2023 | — | $0.5000 | regular |
Income Calculator
At $2.32 / yr per share
