Understanding AllianzGI Convertible's Ex-Dividend Date

On January 4, 2021, AllianzGI Convertible NCV announced shareholders can expect to receive a dividend payable on February 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. AllianzGI Convertible has an ex-dividend date set for for January 13, 2021. The company's current dividend payout is $0.04, which equates to a dividend yield of 8.89% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding AllianzGI Convertible's Dividend Payouts And Yields

Over the past year, AllianzGI Convertible has seen its dividend payouts remain the same and its yields trend downward. Last year on September 10, 2020 the company's payout sat at $0.04, which has returned to its value today. AllianzGI Convertible's dividend yield last year was 10.43%, which has since decreased by 1.54%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on AllianzGI Convertible's previous dividends.