Allianzgi Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Monday, November 13th will be paid a dividend of 0.0575 per share by the investment management company on Friday, December 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date is Friday, November 10th.
Allianzgi Convertible & Income Fund II has decreased its dividend payment by an average of 12.2% annually over the last three years.
Shares of Allianzgi Convertible & Income Fund II (NCZ) traded down $0.07 during trading on Thursday, hitting $6.21. 119,343 shares of the stock were exchanged, compared to its average volume of 227,656. Allianzgi Convertible & Income Fund II has a 52-week low of $5.12 and a 52-week high of $6.49.
About Allianzgi Convertible & Income Fund II
AllianzGI Convertible & Income Fund II (the Fund), formerly AGIC Convertible & Income Fund II, is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. The Fund focuses on investing approximately 50% of its portfolio in convertibles, but determines its allocation based on changes in equity prices, changes in interest rates and other economic and market factors.
Receive News & Ratings for Allianzgi Convertible & Income Fund II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allianzgi Convertible & Income Fund II and related companies with MarketBeat.com's FREE daily email newsletter.