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

Allianzgi Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Shareholders of record on Thursday, April 12th will be given a dividend of 0.0575 per share by the investment management company on Tuesday, May 1st. This represents a $0.69 annualized dividend and a yield of 11.50%. The ex-dividend date is Wednesday, April 11th.

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

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Allianzgi Convertible & Income Fund II stock traded up $0.03 during trading hours on Wednesday, hitting $6.00. The company had a trading volume of 62,782 shares, compared to its average volume of 265,263. Allianzgi Convertible & Income Fund II has a one year low of $5.70 and a one year high of $6.49.

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Allianzgi Convertible & Income Fund II Company Profile

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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