NIE Distribution History & Yield
Virtus Equity & Convertible Income Fund · NYSE
Upcoming distribution payments
| Ex-date | Pay date | Per share | Per 100 shares | Status |
|---|---|---|---|---|
| Mon, Dec 14, 2026 (in 50 days) | Dec 28, 2026 | $0.58 | $58.00 | Estimated |
| Mon, Mar 15, 2027 (in 141 days) | Mar 29, 2027 | $0.58 | $58.00 | Estimated |
| Mon, Jun 14, 2027 (in 232 days) | Jun 28, 2027 | $0.58 | $58.00 | Estimated |
| Mon, Sep 13, 2027 (in 323 days) | Sep 27, 2027 | $0.58 | $58.00 | Estimated |
Estimated dates and amounts are projected from NIE's recent payment pattern and will be replaced by declared figures when the fund announces them. Total over the next 12 months: about $2.32 per share.
Distribution payment history
Last 40 payments per share. RegularSpecial
Annual distributions per share
How much NIE do you need for monthly income?
| Target income | Shares needed | Capital at today's price | Per year |
|---|---|---|---|
| $100 / month | 518 | $12,631 | $1,200 |
| $500 / month | 2,587 | $63,155 | $6,000 |
| $1,000 / month | 5,173 | $126,310 | $12,000 |
Based on the forward yield of 9.50%. $10,000 in NIE would currently pay about $950 a year ($79 a month on average). Model reinvestment and growth →
NIE distribution history
| Ex-date | Pay date | Amount | Change |
|---|---|---|---|
| Sep 14, 2026 | — | $0.58 | +0.0% |
| Jun 15, 2026 | — | $0.58 | +16.0% |
| Mar 16, 2026 | — | $0.50 | -4.9% |
| Dec 29, 2025 | — | $0.526 | +5.2% |
| Dec 11, 2025 | — | $0.50 | +0.0% |
| Sep 12, 2025 | — | $0.50 | +0.0% |
| Jun 12, 2025 | — | $0.50 | +0.0% |
| Mar 13, 2025 | — | $0.50 | +0.0% |
| Dec 12, 2024 | — | $0.50 | +0.0% |
| Sep 13, 2024 | — | $0.50 | +0.0% |
| Jun 13, 2024 | — | $0.50 | +0.0% |
| Mar 8, 2024 | — | $0.50 | +0.0% |
| Dec 8, 2023 | — | $0.50 | +0.0% |
| Sep 8, 2023 | — | $0.50 | +0.0% |
| Jun 9, 2023 | — | $0.50 | +0.0% |
| Mar 10, 2023 | — | $0.50 | +0.0% |
| Dec 29, 2022 | — | $1.977 Special | — |
| Dec 9, 2022 | — | $0.50 | +0.0% |
| Sep 9, 2022 | — | $0.50 | +0.0% |
| Jun 10, 2022 | — | $0.50 | +0.0% |
| Mar 11, 2022 | — | $0.50 | +31.6% |
| Dec 23, 2021 | — | $1.754 Special | — |
| Dec 17, 2021 | — | $0.38 | +0.0% |
| Sep 10, 2021 | — | $0.38 | +0.0% |
NIE dividend increases & cuts
Market-wide changes →| Ex-date | Change | Old | New | Status |
|---|---|---|---|---|
| Jun 15, 2026 | Raised 16.0% | $0.50 | $0.58 | Paid |
| Dec 29, 2025 | Raised 5.2% | $0.50 | $0.526 | Paid |
Detected from the regular payment stream; supplemental and special distributions are excluded. Pro members get an email the morning a holding raises or cuts.
Payout risk check
NIE's last 12 distributions were very stable (consistency score 94/100).
Its share price moved -2.7% over the past year.
This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.
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.
First distribution on our records: Jun 1, 2007. 82 payments tracked. Data last refreshed Oct 25, 2026. Spotted a mistake? Report it and we'll fix it.
NIE distribution FAQ
When is NIE's next ex-distribution date?
NIE's next ex-distribution date is Dec 14, 2026 (in 50 days, estimated from its quarterly schedule). You must own the shares before that date to receive the payment of about $0.58 per share, expected on Dec 28, 2026.
How often does NIE pay distributions?
NIE pays distributions every quarter, 4 times a year. The most recent payment was $0.58 per share with an ex-date of Sep 14, 2026.
What is NIE's distribution yield?
NIE's trailing 12-month distribution yield is 11.00%, based on $2.686 per share paid over the last year and a share price of $24.42. The forward yield, using the indicated annual rate of $2.32 per share, is 9.50%.
How much does NIE pay per share?
NIE pays about $0.58 per share each quarter, which works out to roughly $2.32 per share a year. 100 shares would collect about $232.00 a year.
Has NIE grown or cut its distribution?
NIE has raised its annual distribution for 1 consecutive year. Over the last 5 years the regular payout has grown at 12.1% a year (+34.3% over the last year). There has been no cut to a regular payment in the last 5 years.
How many shares of NIE do I need to earn $100 a month?
At the current forward yield of 9.50%, you would need about 518 shares of NIE (roughly $12,631 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every quarter, so the monthly figure is an average.
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