Allianzgi Convertible & Income Fund II (NCZ) to Issue Monthly Dividend of $0.04 on July 1st

Allianzgi Convertible & Income Fund II (NYSE:NCZ) declared a monthly dividend on Monday, June 1st, Zacks reports. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.038 per share by the investment management company on Wednesday, July 1st. This represents a $0.46 dividend on an annualized basis and a yield of 11.04%. The ex-dividend date is Wednesday, June 10th.

NCZ stock traded up $0.26 during mid-day trading on Wednesday, reaching $4.13. 154,201 shares of the company’s stock were exchanged, compared to its average volume of 627,326. The stock’s 50 day moving average is $3.49 and its 200 day moving average is $4.38. Allianzgi Convertible & Income Fund II has a 12-month low of $1.98 and a 12-month high of $5.38.

About Allianzgi Convertible & Income Fund II

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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Dividend History for Allianzgi Convertible & Income Fund II (NYSE:NCZ)

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