AllianzGI Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.065 per share by the investment management company on Thursday, February 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date is Thursday, January 11th.

AllianzGI Convertible & Income Fund has decreased its dividend payment by an average of 10.3% per year over the last three years.

AllianzGI Convertible & Income Fund (NCV) traded up $0.04 during trading on Wednesday, hitting $7.03. 1,104,869 shares of the stock were exchanged, compared to its average volume of 1,017,135. AllianzGI Convertible & Income Fund has a 1 year low of $6.38 and a 1 year high of $7.28. The company has a market cap of $624.63, a P/E ratio of 9.63 and a beta of 1.18.

TRADEMARK VIOLATION WARNING: “AllianzGI Convertible & Income Fund (NCV) to Issue Monthly Dividend of $0.07” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/03/allianzgi-convertible-income-fund-ncv-to-issue-monthly-dividend-of-0-07.html.

About AllianzGI Convertible & Income Fund

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.

Dividend History for AllianzGI Convertible & Income Fund (NYSE:NCV)

Receive News & Ratings for AllianzGI Convertible & Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AllianzGI Convertible & Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.