Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ – Get Rating) announced a monthly dividend on Thursday, June 9th, Wall Street Journal reports. Investors of record on Monday, September 12th will be given a dividend of 0.0375 per share by the investment management company on Monday, October 3rd. This represents a $0.45 annualized dividend and a yield of 12.97%. The ex-dividend date is Friday, September 9th.
Virtus AllianzGI Convertible & Income Fund II has decreased its dividend by an average of 6.6% per year over the last three years.
Shares of NCZ traded down $0.08 during trading hours on Thursday, hitting $3.47. The company had a trading volume of 378,809 shares, compared to its average volume of 434,457. The stock’s 50 day moving average price is $3.77 and its 200 day moving average price is $4.37. Virtus AllianzGI Convertible & Income Fund II has a 52-week low of $3.24 and a 52-week high of $5.51.
About Virtus AllianzGI Convertible & Income Fund II (Get Rating)
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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