AllianzGI Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Friday, December 1st, NASDAQ reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.065 per share by the investment management company on Tuesday, January 2nd. This represents a $0.78 annualized dividend and a yield of 10.96%. The ex-dividend date of this dividend is Friday, December 8th.
AllianzGI Convertible & Income Fund has decreased its dividend payment by an average of 10.3% per year over the last three years.
Shares of AllianzGI Convertible & Income Fund (NYSE NCV) traded up $0.03 on Thursday, reaching $7.12. The company’s stock had a trading volume of 453,400 shares, compared to its average volume of 340,379. AllianzGI Convertible & Income Fund has a 52-week low of $6.36 and a 52-week high of $7.28.
AllianzGI Convertible & Income Fund, formerly AGIC Convertible & Income Fund, 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 invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade.
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