Allianzgi Convertible & Income Fund (NCV) to Issue Monthly Dividend of $0.07 on November 1st

Allianzgi Convertible & Income Fund (NCV) to Issue Monthly Dividend of $0.07 on  November 1st

Allianzgi Convertible & Income Fund (NYSE:NCV) declared a monthly dividend on Monday, October 1st, NASDAQ reports. Shareholders of record on Thursday, October 11th will be paid a dividend of 0.065 per share by the investment management company on Thursday, November 1st. This represents a $0.78 annualized dividend and a yield of 11.56%. The ex-dividend date is Wednesday, October 10th.

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 opened at $6.75 on Tuesday. Allianzgi Convertible & Income Fund has a 1-year low of $6.41 and a 1-year high of $7.28.

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Allianzgi Convertible & Income Fund (NYSE:NCV) last released its earnings results on Monday, July 30th. The investment management company reported $0.16 EPS for the quarter. Allianzgi Convertible & Income Fund had a return on equity of 4.23% and a net margin of 43.09%.

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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