AllianzGI Convertible (NYSE:NCV) Plans $0.07 Monthly Dividend

AllianzGI Convertible (NYSE:NCV) announced a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Shareholders of record on Thursday, April 12th will be paid a dividend of 0.065 per share by the investment management company on Tuesday, May 1st. This represents a $0.78 annualized dividend and a yield of 11.40%. The ex-dividend date of this dividend is Wednesday, April 11th.

AllianzGI Convertible has decreased its dividend by an average of 10.3% annually over the last three years.

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Shares of NCV stock opened at $6.84 on Thursday. AllianzGI Convertible has a 52 week low of $6.41 and a 52 week high of $7.28.

AllianzGI Convertible (NYSE:NCV) last announced its earnings results on Monday, January 29th. The investment management company reported $0.18 earnings per share (EPS) for the quarter. AllianzGI Convertible had a net margin of 43.09% and a return on equity of 4.23%.

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About AllianzGI Convertible

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.

Dividend History for AllianzGI Convertible (NYSE:NCV)

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