AllianzGI Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be paid a dividend of 0.0575 per share by the investment management company on Tuesday, January 2nd. This represents a $0.69 annualized dividend and a dividend yield of 11.17%. The ex-dividend date of this dividend is Friday, December 8th.
AllianzGI Convertible & Income Fund II has decreased its dividend payment by an average of 12.2% per year over the last three years.
Shares of AllianzGI Convertible & Income Fund II (NYSE:NCZ) traded down $0.02 during trading on Tuesday, hitting $6.18. 408,200 shares of the stock traded hands, compared to its average volume of 261,698. AllianzGI Convertible & Income Fund II has a 1-year low of $5.65 and a 1-year 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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