AllianzGI Convertible & Income 2024 Target Term Fund of Beneficial Interest (NYSE:CBH) Plans Monthly Dividend of $0.05

AllianzGI Convertible & Income 2024 Target Term Fund of Beneficial Interest (NYSE:CBH) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be given a dividend of 0.046 per share on Tuesday, January 2nd. This represents a $0.55 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Friday, December 8th.

Shares of AllianzGI Convertible & Income 2024 Target Term Fund of Beneficial Interest (NYSE:CBH) traded up $0.04 during trading hours on Friday, hitting $9.10. 368,294 shares of the company’s stock were exchanged, compared to its average volume of 216,636. AllianzGI Convertible & Income 2024 Target Term Fund of Beneficial Interest has a 52 week low of $8.80 and a 52 week high of $10.50.

In other news, insider Justin Kass acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of $9.43 per share, with a total value of $94,300.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders purchased 40,000 shares of company stock worth $371,500.

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