Virtus Diversified Income & Convertible Fund (ACV)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Virtus Diversified Income & Convertible Fund trades at USD26.78, which is 65% below the USD44.29 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 5 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 5.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ACV dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.720 | 4 |
| 2025 | USD2.54 | 13 |
| 2024 | USD2.16 | 12 |
| 2023 | USD2.16 | 12 |
| 2022 | USD2.36 | 13 |
| 2021 | USD7.80 | 13 |
| 2020 | USD2.38 | 13 |
| 2019 | USD2.00 | 12 |
| 2018 | USD2.00 | 12 |
| 2017 | USD2.00 | 12 |
| 2016 | USD2.00 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Virtus Diversified Income & Convertible Fund
Virtus Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in the public equity and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities. It employs fundamental analysis along with bottom-up stock picking approach. Virtus Diversified Income & Convertible Fund was formed In May 27, 2015 and is domiciled in United States.
ACV passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Virtus Diversified Income & Convertible Fund (ACV) undervalued?
Against our discounted cash flow estimate of USD44.29, ACV at USD26.78 is 65% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is ACV's P/E ratio?
ACV trades at 5.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Virtus Diversified Income & Convertible Fund (ACV) pay a dividend?
Yes. Virtus Diversified Income & Convertible Fund yields 7.97% at the current share price. It has paid USD2.00 per share over the trailing twelve months. It has paid a dividend in each of the last 11 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.