Allianzgi Convertible & Income Fund (NYSE:NCV) announced a monthly dividend on Wednesday, September 5th, Wall Street Journal reports. Stockholders of record on Friday, September 14th will be given a dividend of 0.065 per share by the investment management company on Monday, October 1st. This represents a $0.78 annualized dividend and a dividend yield of 10.92%. The ex-dividend date of this dividend is Thursday, September 13th.
Allianzgi Convertible & Income Fund has decreased its dividend payment by an average of 10.3% per year over the last three years.
Shares of NYSE:NCV traded up $0.03 during mid-day trading on Wednesday, hitting $7.14. The company had a trading volume of 453,380 shares, compared to its average volume of 278,133. Allianzgi Convertible & Income Fund has a one year low of $6.41 and a one year high of $7.28.
Allianzgi Convertible & Income Fund (NYSE:NCV) last posted its quarterly earnings results on Monday, July 30th. The investment management company reported $0.16 earnings per share (EPS) for the quarter. Allianzgi Convertible & Income Fund had a net margin of 43.09% and a return on equity of 4.23%.
Allianzgi Convertible & Income Fund Company Profile
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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