Allianzgi Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Investors of record on Monday, March 12th will be given a dividend of 0.0575 per share by the investment management company on Monday, April 2nd. This represents a $0.69 annualized dividend and a dividend yield of 11.60%. The ex-dividend date is Friday, March 9th.
Allianzgi Convertible & Income Fund II has decreased its dividend payment by an average of 12.2% annually over the last three years.
Shares of NYSE NCZ traded up $0.08 during trading hours on Friday, hitting $5.95. 259,900 shares of the stock were exchanged, compared to its average volume of 270,770. Allianzgi Convertible & Income Fund II has a 1-year low of $5.70 and a 1-year high of $6.49.
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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