AllianzGI Equity & Convertible Income FD (NYSE:NIE) declared a quarterly dividend on Friday, June 5th, Zacks reports. Stockholders of record on Monday, June 15th will be paid a dividend of 0.38 per share on Friday, June 26th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend is Friday, June 12th.
Shares of NYSE:NIE traded down $0.87 during midday trading on Thursday, reaching $22.06. 27,296 shares of the company’s stock traded hands, compared to its average volume of 106,397. AllianzGI Equity & Convertible Income FD has a 1 year low of $14.62 and a 1 year high of $24.66. The company has a fifty day simple moving average of $21.15 and a two-hundred day simple moving average of $21.66.
AllianzGI Equity & Convertible Income FD Company Profile
AllianzGI Equity & Convertible Income Fund is a closed ended equity 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 the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors.
Further Reading: Straddles
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