AllianzGI Convertible Declares Monthly Dividend of $0.07 (NCV)

Posted by Shane Hupp on Apr 6th, 2018 // Comments off

AllianzGI Convertible (NYSE:NCV) announced a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Stockholders of record on Thursday, April 12th will be given a dividend of 0.065 per share by the investment management company on Tuesday, May 1st. This represents a $0.78 annualized dividend and a dividend yield of 11.35%. The ex-dividend date of this dividend is Wednesday, April 11th.

AllianzGI Convertible has decreased its dividend payment by an average of 10.3% per year over the last three years.

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NCV stock opened at $6.87 on Friday. AllianzGI Convertible has a 1-year low of $6.41 and a 1-year high of $7.28.

AllianzGI Convertible (NYSE:NCV) last released its quarterly earnings results on Monday, January 29th. The investment management company reported $0.18 EPS for the quarter. AllianzGI Convertible had a return on equity of 4.23% and a net margin of 43.09%.

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AllianzGI Convertible 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.

Dividend History for AllianzGI Convertible (NYSE:NCV)

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