Virtus Equity & Convertible Income Fund (NIE)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Virtus Equity & Convertible Income Fund trades at USD26.32, which is 33% below the USD35.11 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 7 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 6.3 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.
NIE dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD1.08 | 2 |
| 2025 | USD2.53 | 5 |
| 2024 | USD2.00 | 4 |
| 2023 | USD2.00 | 4 |
| 2022 | USD3.98 | 5 |
| 2021 | USD3.27 | 5 |
| 2020 | USD1.52 | 4 |
| 2019 | USD1.52 | 4 |
| 2018 | USD1.52 | 4 |
| 2017 | USD1.52 | 4 |
| 2016 | USD1.52 | 4 |
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 Equity & Convertible Income Fund
Virtus Equity & Convertible Income Fund is a closed ended equity 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 markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It primarily invests in growth stocks of companies. The fund also invests in income producing convertible securities. It employs fundamental analysis focusing on factors like above-average earnings growth, high return on invested capital, a healthy or improving balance sheet, strong competitive advantages, and development of new technologies to make its investments. The fund was formerly known as AGIC Equity & Convertible Income Fund. Virtus Equity & Convertible Income Fund was formed on Feb 27, 2007 and is domiciled in the United States.
NIE 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 Equity & Convertible Income Fund (NIE) undervalued?
Against our discounted cash flow estimate of USD35.11, NIE at USD26.32 is 33% 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 NIE's P/E ratio?
NIE trades at 6.3 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 Equity & Convertible Income Fund (NIE) pay a dividend?
Yes. Virtus Equity & Convertible Income Fund yields 8.85% at the current share price. It has paid USD2.61 per share over the trailing twelve months. It has paid a dividend in each of the last 19 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.
The full research page for NIE, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
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.