Allianzgi Convertible & Income Fund (NYSE:NCV) Increases Dividend to $0.05 Per Share

Allianzgi Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.0525 per share by the investment management company on Thursday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date is Wednesday, December 11th. This is a boost from Allianzgi Convertible & Income Fund’s previous monthly dividend of $0.05.

Shares of NYSE:NCV traded up $0.04 during trading on Wednesday, reaching $5.69. The stock had a trading volume of 200,221 shares, compared to its average volume of 316,465. Allianzgi Convertible & Income Fund has a 52 week low of $4.75 and a 52 week high of $6.55. The stock has a fifty day simple moving average of $5.65 and a two-hundred day simple moving average of $5.67.

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

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