Allianzgi Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.052 per share by the investment management company on Tuesday, October 1st. This represents a $0.62 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date is Thursday, September 12th.
Allianzgi Convertible & Income Fund has decreased its dividend by an average of 8.1% per year over the last three years.
Shares of Allianzgi Convertible & Income Fund stock traded up $0.06 during midday trading on Thursday, reaching $5.72. The company had a trading volume of 6,185 shares, compared to its average volume of 341,872. The stock has a fifty day moving average price of $5.74 and a 200 day moving average price of $5.89. Allianzgi Convertible & Income Fund has a fifty-two week low of $4.75 and a fifty-two week high of $7.16.
About Allianzgi Convertible & Income Fund
AllianzGI Convertible & Income Fund 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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