AllianzGI Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Friday, December 1st, NASDAQ reports. Shareholders of record on Monday, December 11th will be given a dividend of 0.065 per share by the investment management company on Tuesday, January 2nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date is Friday, December 8th.
AllianzGI Convertible & Income Fund has decreased its dividend payment by an average of 10.3% annually over the last three years.
AllianzGI Convertible & Income Fund (NCV) traded up $0.03 during trading on Friday, hitting $7.03. The company’s stock had a trading volume of 325,522 shares, compared to its average volume of 336,312. The company has a market cap of $619.32, a price-to-earnings ratio of 9.63 and a beta of 1.18. AllianzGI Convertible & Income Fund has a twelve month low of $6.36 and a twelve month high of $7.28.
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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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