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flag Virtus funds announce dividends, but both have cut payouts over the past three years.

flag Virtus Convertible & Income Fund II (NCZ) announced a $0.12 monthly dividend, payable on April 29th to shareholders of record on April 11th. flag This reflects a $1.44 annual dividend and a 13.57% yield, though the fund has reduced its dividends by an average of 7.2% annually over the past three years. flag The stock has traded between $10.23 and $13.44 in the last year. flag Meanwhile, Virtus Diversified Income & Convertible Fund (ACV) will pay a $0.18 dividend, also on April 29th, to shareholders of record on April 11th, despite cutting its dividends by 34.8% annually over the past three years. flag Its stock price has ranged from $17.00 to $24.23 over the last year.

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