Looking at the universe of stocks we cover at Dividend Channel, on 1/9/14, AllianzGI Convertible & Income Fund II (NCZ) will trade ex-dividend, for its monthly dividend of $0.085, payable on 2/3/14. As a percentage of NCZ's recent stock price of $9.27, this dividend works out to approximately 0.92%, so look for shares of AllianzGI Convertible & Income Fund II to trade 0.92% lower — all else being equal — when NCZ shares open for trading on 1/9/14.
Below is a dividend history chart for NCZ, showing historical dividends prior to the most recent $0.085 declared by AllianzGI Convertible & Income Fund II:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NCZ is likely to continue, and whether the current estimated yield of 11.00% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NCZ shares, versus its 200 day moving average:Looking at the chart above, NCZ's low point in its 52 week range is $8.11 per share, with $9.33 as the 52 week high point — that compares with a last trade of $9.24.
In Tuesday trading, AllianzGI Convertible & Income Fund II shares are currently up about 0.4% on the day.