|Bid||5.67 x 1200|
|Ask||5.68 x 1000|
|Day's Range||5.67 - 5.81|
|52 Week Range||5.41 - 6.55|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.63 (10.40%)|
|Ex-Dividend Date||Feb 11, 2020|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AllianzGI Convertible & Income Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Every preferred stock investor has needs that drive his or her investment purchases. These needs primarily revolve around a certain level of income to sustain a desired lifestyle, observes income expert Ned Piplovic, editor of DividendInvestor.
President Donald Trump’s tax cut and deregulatory policies boosted the economy but it “needs more gas in the engine,” said Allianz Chief Economic Advisor Mohamed El-Erian. Worried about a slowing economy, El-Erian urged Trump to work with Congress to pass an infrastructure bill, saying the initiative would “mostly pay for itself” due to low interest rates and the opportunity for public-private partnerships.