Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Dividend Payout Ratio : 2.12 (As of Jan. 2024)

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What is Virtus Convertible &ome 2024 Target Term Fund Dividend Payout Ratio?

Virtus Convertible &ome 2024 Target Term Fund's dividend payout ratio for the months ended in Jan. 2024 was 2.12.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Virtus Convertible & Income 2024 Target Term Fund is 1.53, which seems too high.

The historical rank and industry rank for Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio or its related term are showing as below:

CBH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39 Med: 1.17 Max: 5.02
Current: 1.53

During the past 5 years, the highest Dividend Payout Ratio of Virtus Convertible &ome 2024 Target Term Fund was 5.02. The lowest was 0.39. And the median was 1.17.

CBH's Dividend Payout Ratio is ranked worse than
79.96% of 953 companies
in the Asset Management industry
Industry Median: 0.8 vs CBH: 1.53

As of today (2024-05-15), the Dividend Yield % of Virtus Convertible &ome 2024 Target Term Fund is 5.54%.

During the past 5 years, the highest Trailing Annual Dividend Yield of Virtus Convertible &ome 2024 Target Term Fund was 7.69%. The lowest was 5.06%. And the median was 6.09%.

Virtus Convertible &ome 2024 Target Term Fund's Dividends per Share for the months ended in Jan. 2024 was $0.28.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Virtus Convertible &ome 2024 Target Term Fund Dividend Payout Ratio Historical Data

The historical data trend for Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Virtus Convertible &ome 2024 Target Term Fund Dividend Payout Ratio Chart

Virtus Convertible &ome 2024 Target Term Fund Annual Data

Trend

Feb19

Feb20

Feb21

Jan23

Jan24

Dividend Payout Ratio

1.17

0.80

0.39

5.02

1.53

Virtus Convertible &ome 2024 Target Term Fund Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jul22	Jan23	Jul23	Jan24
Dividend Payout Ratio	Get a 7-Day Free Trial							3.07	-	0.67	1.20	2.12

Competitive Comparison of Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio

For the Asset Management subindustry, Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio falls into.

Virtus Convertible &ome 2024 Target Term Fund Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jan. 2024 )	/	EPS without NRI (A: Jan. 2024 )
	=	0.552	/	0.36
	=	1.53

Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio for the quarter that ended in Jan. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jan. 2024 )	/	EPS without NRI (Q: Jan. 2024 )
	=	0.276	/	0.13
	=	2.12

Virtus Convertible &ome 2024 Target Term Fund (NYSE:CBH) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Virtus Convertible &ome 2024 Target Term Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Virtus Convertible &ome 2024 Target Term Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Virtus Convertible &ome 2024 Target Term Fund (Virtus Convertible &ome 2024 Target Term Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Convertible & Income 2024 Target Term Fund (NYSE:CBH) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Munson Street, Greenfield, MA, USA, 01301

Website

https://us.allianzgi.com

AllianzGI Convertible & Income 2024 Target Term Fund is a diversified, closed-end management investment company. The fund's investment objectives are to provide a high level of income and to returns. The group invests in various sectors such as Aerospace and Defense, Healthcare-Services, Machinery-Construction and Mining, Pharmaceuticals, Transportation, Textiles, Apparel and Luxury Goods, Diversified Financial Services, Auto Components and others.

Executives

R Keith Walton	director	100 PEARL STREET, HARTFORD CT 06103
Mcdaniel Connie D	director	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, 26TH FL., HARTFORD CT 06103
Christine Hurtsellers	other: CEO - Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Vincent J Costa	other: CIO-Subadviser to the issuer	800 SCUDDERS MILL ROAD, PLAINSBORO NJ 08536
Paul Zemsky	other: CIO-Subadviser to the issuer	230 PARK AVENUE, NEW YORK NY 10169
Voya Investment Management Co	other: Subadviser to the issuer	10 STATE HOUSE SQUARE, SH12, HARTFORD CT 06103-3602
Philip R Mcloughlin	director	800 SCUDDERS HILL ROAD, PLAINSBORO NJ 08536
Brian T Zino	director	100 PARK AVENUE, NEW YORK NY 10017
Richard W Smirl	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., ONE FINANCIAL PLAZA, HARTFORD CT 06103
F Ford Drummond	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Alan Rappaport	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Bradley William Patrick Iii	officer: EVP, CFO and Treasurer	C/O VIRTUS INVESTMENT PARTNERS, INC., 56 PROSPECT STREET, HARTFORD CT 06115
George R Aylward	director, officer: President and CEO	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Francis G Waltman	officer: EVP	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Justin Kass	other: Portfolio Manager	1345 AVE OF THE AMERICAS, NEW YORK NY 10105