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

Allianzgi Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Shareholders of record on Friday, August 11th will be paid a dividend of 0.0575 per share by the investment management company on Friday, September 1st. This represents a $0.69 annualized dividend and a yield of 11.20%. The ex-dividend date is Wednesday, August 9th.

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

Shares of Allianzgi Convertible & Income Fund II (NYSE NCZ) opened at 6.16 on Monday. The firm has a 50-day moving average of $6.32 and a 200 day moving average of $6.14. Allianzgi Convertible & Income Fund II has a 52 week low of $5.12 and a 52 week 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.