Allianzgi Convertible & Income Fund to Issue Monthly Dividend of $0.07 (NCV)
Allianzgi Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Thursday, October 12th will be paid a dividend of 0.065 per share by the investment management company on Wednesday, November 1st. This represents a $0.78 dividend on an annualized basis and a yield of 10.92%. The ex-dividend date of this dividend is Wednesday, October 11th.
Allianzgi Convertible & Income Fund has decreased its dividend by an average of 10.3% annually over the last three years.
Shares of Allianzgi Convertible & Income Fund (NYSE NCV) traded down 0.14% during midday trading on Tuesday, hitting $7.14. The stock had a trading volume of 302,352 shares. Allianzgi Convertible & Income Fund has a 12 month low of $5.81 and a 12 month high of $7.28. The stock’s 50-day moving average is $6.98 and its 200-day moving average is $6.96.
Allianzgi Convertible & Income Fund Company Profile
AllianzGI Convertible & Income Fund, formerly AGIC Convertible & Income Fund, 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 invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade.
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