Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ) Declares Monthly Dividend of $0.04

Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ) announced a monthly dividend on Monday, March 1st, Zacks reports. Investors of record on Thursday, March 11th will be given a dividend of 0.038 per share by the investment management company on Thursday, April 1st. This represents a $0.46 annualized dividend and a yield of 9.33%. The ex-dividend date is Wednesday, March 10th. This is an increase from Virtus AllianzGI Convertible & Income Fund II’s previous monthly dividend of $0.04.

NCZ stock opened at $4.89 on Monday. The business has a 50 day moving average price of $5.14 and a 200 day moving average price of $4.66. Virtus AllianzGI Convertible & Income Fund II has a fifty-two week low of $1.98 and a fifty-two week high of $5.33.

About Virtus 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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