AllianzGI Equity & Convertible Income FD Plans Quarterly Dividend of $0.38 (NYSE:NIE)

AllianzGI Equity & Convertible Income FD (NYSE:NIE) declared a quarterly dividend on Friday, September 6th, NASDAQ reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.38 per share on Friday, September 27th. This represents a $1.52 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Friday, September 13th.

Shares of NIE traded up $0.18 during midday trading on Wednesday, reaching $22.03. 49,531 shares of the stock were exchanged, compared to its average volume of 74,485. The business’s 50-day moving average price is $21.70 and its 200 day moving average price is $21.51. AllianzGI Equity & Convertible Income FD has a twelve month low of $17.14 and a twelve month high of $23.96.

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: Cost of Equity For A Business, Investors

Dividend History for AllianzGI Equity & Convertible Income FD (NYSE:NIE)

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