Allianzgi Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Monday, August 12th will be paid a dividend of 0.045 per share by the investment management company on Tuesday, September 3rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 10.72%. The ex-dividend date is Friday, August 9th.
Allianzgi Convertible & Income Fund II has decreased its dividend by an average of 9.7% per year over the last three years.
Shares of NYSE NCZ traded up $0.01 during midday trading on Wednesday, reaching $5.04. 109,572 shares of the stock were exchanged, compared to its average volume of 282,810. The business’s 50-day moving average is $5.08. Allianzgi Convertible & Income Fund II has a 12 month low of $4.20 and a 12 month high of $6.29.
AllianzGI Convertible & Income Fund II is a closed ended fixed income 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 fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.
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