Allianzgi Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.045 per share by the investment management company on Tuesday, October 1st. This represents a $0.54 annualized dividend and a dividend yield of 10.57%. The ex-dividend date of this dividend is Thursday, September 12th.
Allianzgi Convertible & Income Fund II has decreased its dividend payment by an average of 9.7% per year over the last three years.
NCZ traded up $0.02 during trading hours on Wednesday, hitting $5.11. The stock had a trading volume of 1,480 shares, compared to its average volume of 270,810. The company’s fifty day simple moving average is $5.04 and its 200 day simple moving average is $5.18. Allianzgi Convertible & Income Fund II has a 1 year low of $4.20 and a 1 year high of $6.29.
AllianzGI Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade.
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