AllianzGI Convertible & Income Fund About To Put More Money In Your Pocket (NCV)

Looking at the universe of stocks we cover at Dividend Channel, on 8/7/14, AllianzGI Convertible & Income Fund ( NCV) will trade ex-dividend, for its monthly dividend of $0.09, payable on 9/2/14. As a percentage of NCV's recent stock price of $9.71, this dividend works out to approximately 0.93%, so look for shares of AllianzGI Convertible & Income Fund to trade 0.93% lower — all else being equal — when NCV shares open for trading on 8/7/14.

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Below is a dividend history chart for NCV, showing historical dividends prior to the most recent $0.09 declared by AllianzGI Convertible & Income Fund:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NCV is likely to continue, and whether the current estimated yield of 11.12% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NCV shares, versus its 200 day moving average:

AllianzGI Convertible & Income Fund 200 Day Moving Average Chart

Looking at the chart above, NCV's low point in its 52 week range is $8.76 per share, with $10.65 as the 52 week high point — that compares with a last trade of $9.71.

In Wednesday trading, AllianzGI Convertible & Income Fund shares are currently up about 0.5% on the day.

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