Headlines about Allianzgi Convertible & Income Fund II (NYSE:NCZ) have trended positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Allianzgi Convertible & Income Fund II earned a media sentiment score of 0.46 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.6420547965898 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Allianzgi Convertible & Income Fund II (NYSE NCZ) traded down $0.01 during trading hours on Thursday, reaching $6.00. 92,708 shares of the company’s stock were exchanged, compared to its average volume of 321,889. The firm has a market capitalization of $442.74, a price-to-earnings ratio of 8.97 and a beta of 0.96. Allianzgi Convertible & Income Fund II has a 52-week low of $5.69 and a 52-week high of $6.49.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a $0.0575 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.69 dividend on an annualized basis and a yield of 11.50%.
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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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