Allianzgi Convertible & Income Fund II (NYSE:NCZ) to Issue Monthly Dividend of $0.06

Allianzgi Convertible & Income Fund II (NYSE:NCZ) 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 0.0575 per share by the investment management company on Tuesday, January 2nd. This represents a $0.69 annualized dividend and a yield of 11.11%. The ex-dividend date of this dividend is Friday, December 8th.

Allianzgi Convertible & Income Fund II has decreased its dividend by an average of 12.2% annually over the last three years.

Allianzgi Convertible & Income Fund II (NCZ) traded up $0.06 during trading hours on Friday, reaching $6.21. The company had a trading volume of 187,310 shares, compared to its average volume of 258,057. Allianzgi Convertible & Income Fund II has a fifty-two week low of $5.69 and a fifty-two week high of $6.49. The firm has a market capitalization of $460.66, a price-to-earnings ratio of 9.27 and a beta of 1.03.

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About Allianzgi Convertible & Income Fund II

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.

Dividend History for Allianzgi Convertible & Income Fund II (NYSE:NCZ)

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