Press coverage about Allianzgi Convertible & Income Fund (NYSE:NCV) has trended positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allianzgi Convertible & Income Fund earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 47.5645443199868 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Allianzgi Convertible & Income Fund (NCV) opened at 6.95 on Wednesday. Allianzgi Convertible & Income Fund has a 52 week low of $5.81 and a 52 week high of $7.28. The stock’s 50 day moving average is $7.09 and its 200 day moving average is $6.92.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a $0.065 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 11.22%.
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In other news, insider Justin Kass sold 12,656 shares of Allianzgi Convertible & Income Fund stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $6.98, for a total value of $88,338.88. Following the sale, the insider now directly owns 12,246 shares in the company, valued at $85,477.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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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