Allianzgi Convertible & Income Fund II (NYSE:NCZ) 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 0.0575 per share by the investment management company on Thursday, February 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date of this dividend is Thursday, January 11th.
Allianzgi Convertible & Income Fund II has decreased its dividend payment by an average of 12.2% per year over the last three years.
Allianzgi Convertible & Income Fund II (NYSE:NCZ) opened at $6.28 on Wednesday. The company has a market capitalization of $468.87, a P/E ratio of 9.37 and a beta of 1.03. Allianzgi Convertible & Income Fund II has a 52 week low of $5.69 and a 52 week high of $6.49.
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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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