Allianzgi Convertible & Income Fund (NYSE:NCV) Shares Cross Above 200 Day Moving Average of $0.00

Shares of Allianzgi Convertible & Income Fund (NYSE:NCV) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $5.59. Allianzgi Convertible & Income Fund shares last traded at $5.59, with a volume of 100 shares changing hands.

The firm’s 50-day moving average is $5.63.

Allianzgi Convertible & Income Fund (NYSE:NCV) last posted its quarterly earnings results on Monday, April 29th. The investment management company reported $0.11 earnings per share (EPS) for the quarter.

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 13th will be given a dividend of $0.0525 per share. The ex-dividend date is Wednesday, June 12th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 11.15%.

About Allianzgi Convertible & Income Fund (NYSE:NCV)

AllianzGI Convertible & Income Fund 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.

Further Reading: Liquidity

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