AllianzGI Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.0575 per share by the investment management company on Tuesday, January 2nd. This represents a $0.69 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date is Friday, December 8th.
AllianzGI Convertible & Income Fund II has decreased its dividend by an average of 12.2% per year over the last three years.
Shares of AllianzGI Convertible & Income Fund II (NCZ) traded up $0.02 during midday trading on Monday, hitting $6.20. The company’s stock had a trading volume of 372,900 shares, compared to its average volume of 261,067. AllianzGI Convertible & Income Fund II has a 12 month low of $5.53 and a 12 month 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.
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