AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO) has recently declared a dividend of $0.15 per share, scheduled to be paid on February 28, 2024, with an ex-dividend date of February 9, 2024. While investors eagerly anticipate this upcoming payment, it is important to delve into the company’s dividend history, yield, and growth rates to assess its sustainability.
AllianzGI Artificial Intelligence & Technology Opportunities Fund is a relatively new closed-end management investment company that aims to provide total return through a combination of current income, current gains, and long-term capital appreciation. Despite being a relatively new player in the market, the fund has exhibited a consistent dividend payment record since 2020, with dividends currently distributed on a monthly basis.
Analyzing the dividend yield and growth of AllianzGI Artificial Intelligence & Technology Opportunities Fund reveals intriguing insights. Currently, the fund boasts a 12-month trailing dividend yield and a 12-month forward dividend yield of 9.10%, indicating an expectation of consistent dividend payments over the next year. Furthermore, over the past three years, the fund has experienced an impressive annual dividend growth rate of 76.90%. Considering these figures, the 5-year yield on cost of AllianzGI Artificial Intelligence & Technology Opportunities Fund stock is estimated to be approximately 9.10%.
To assess the sustainability of the dividend, it is crucial to evaluate the company’s payout ratio and profitability. AllianzGI Artificial Intelligence & Technology Opportunities Fund currently exhibits a dividend payout ratio of 0.00, suggesting that a significant portion of its earnings is retained for future growth and unforeseen challenges. However, the fund’s profitability rank of 2 out of 10 raises concerns about the long-term viability of the dividend. With only two years of reported net profit in the past decade, the company’s earnings prowess appears to be relatively weak compared to its peers.
Furthermore, the growth rank of AllianzGI Artificial Intelligence & Technology Opportunities Fund is 2 out of 10, indicating limited growth prospects. This further raises doubts about the sustainability of the dividend.
In conclusion, while AllianzGI Artificial Intelligence & Technology Opportunities Fund offers an attractive dividend yield and has displayed significant dividend growth in recent years, its low profitability rank and underwhelming growth prospects cast doubt on the sustainability of its dividends. Investors must exercise caution and carefully consider these factors in conjunction with the company’s future potential and overall market conditions. It is essential to strike a balance between yield, stability, and growth when seeking income-generating investments.
FAQ Section:
1. What is the dividend payment schedule for AllianzGI Artificial Intelligence & Technology Opportunities Fund?
– The dividend of $0.15 per share is scheduled to be paid on February 28, 2024, with an ex-dividend date of February 9, 2024.
2. Has AllianzGI Artificial Intelligence & Technology Opportunities Fund consistently paid dividends?
– Yes, the fund has exhibited a consistent dividend payment record since 2020.
3. What is the current dividend yield of AllianzGI Artificial Intelligence & Technology Opportunities Fund?
– The fund currently boasts a 12-month trailing dividend yield and a 12-month forward dividend yield of 9.10%.
4. What is the dividend growth rate of AllianzGI Artificial Intelligence & Technology Opportunities Fund?
– Over the past three years, the fund has experienced an impressive annual dividend growth rate of 76.90%.
5. What is the estimated 5-year yield on cost for AllianzGI Artificial Intelligence & Technology Opportunities Fund?
– The estimated 5-year yield on cost for the fund is approximately 9.10%.
6. What is the payout ratio of AllianzGI Artificial Intelligence & Technology Opportunities Fund?
– The fund currently exhibits a dividend payout ratio of 0.00, indicating that a significant portion of its earnings is retained for future growth.
7. How does the profitability rank of AllianzGI Artificial Intelligence & Technology Opportunities Fund compare to its peers?
– The fund has a profitability rank of 2 out of 10, suggesting that its earnings prowess is relatively weak compared to its peers.
8. What is the growth rank of AllianzGI Artificial Intelligence & Technology Opportunities Fund?
– The growth rank of the fund is 2 out of 10, indicating limited growth prospects.
9. Can the sustainability of AllianzGI Artificial Intelligence & Technology Opportunities Fund’s dividends be guaranteed?
– The low profitability rank and underwhelming growth prospects cast doubt on the sustainability of its dividends. Investors must exercise caution and consider these factors in conjunction with the company’s future potential and overall market conditions.
Definitions:
– Dividend: A payment made by a corporation to its shareholders, usually in the form of cash or additional shares of stock, based on the company’s profits.
– Closed-end management investment company: A type of investment company that issues a fixed number of shares in an initial public offering and then trades on a stock exchange.
– Yield: The income return on an investment, typically expressed as a percentage of the investment’s cost.
– Trailing dividend yield: The dividend yield calculated based on the dividends paid by a company in the past 12 months.
– Forward dividend yield: The expected dividend yield for the next 12 months.
– Payout ratio: The proportion of earnings paid out in dividends to shareholders.
– Profitability rank: A measure of a company’s profitability compared to its peers, typically ranked on a scale from 1 to 10.
– Growth rank: A measure of a company’s growth prospects compared to its peers, typically ranked on a scale from 1 to 10.
Suggested Related Links:
– AllianzGI Official Website
– Ex-Dividend Date Definition
– Dividend Definition
The source of the article is from the blog anexartiti.gr