AllianzGI Diversified Income & Convertible Fund (NYSE:ACV) Announces Dividend of $0.18

AllianzGI Diversified Income & Convertible Fund (NYSE:ACV – Get Rating) announced a dividend on Monday, March 7th, NASDAQ reports. Investors of record on Thursday, May 12th will be given a dividend of 0.18 per share by the consumer goods maker on Wednesday, June 1st. The ex-dividend date of this dividend is Wednesday, May 11th.

AllianzGI Diversified Income & Convertible Fund has increased its dividend by an average of 8.3% annually over the last three years and has raised its dividend every year for the last 1 years.

ACV opened at $22.91 on Monday. AllianzGI Diversified Income & Convertible Fund has a 12 month low of $22.36 and a 12 month high of $37.59. The company has a fifty day simple moving average of $24.58 and a 200 day simple moving average of $29.46.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in AllianzGI Diversified Income & Convertible Fund by 1.4% in the 3rd quarter. Morgan Stanley now owns 59,552 shares of the consumer goods maker’s stock worth $2,018,000 after purchasing an additional 841 shares during the period. Royal Bank of Canada boosted its stake in AllianzGI Diversified Income & Convertible Fund by 3.2% in the 3rd quarter. Royal Bank of Canada now owns 38,319 shares of the consumer goods maker’s stock worth $1,298,000 after purchasing an additional 1,186 shares during the period. UBS Group AG boosted its stake in AllianzGI Diversified Income & Convertible Fund by 9.2% in the 3rd quarter. UBS Group AG now owns 92,100 shares of the consumer goods maker’s stock worth $3,120,000 after purchasing an additional 7,741 shares during the period. Finally, LPL Financial LLC boosted its stake in AllianzGI Diversified Income & Convertible Fund by 17.2% in the 4th quarter. LPL Financial LLC now owns 92,971 shares of the consumer goods maker’s stock worth $2,998,000 after purchasing an additional 13,623 shares during the period.

About AllianzGI Diversified Income & Convertible Fund (Get Rating)

AllianzGI Diversified Income & Convertible Fund is a closed-ended balanced 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 and fixed income markets. The fund primarily invests in diversified portfolio of convertible securities, income-producing equity securities, and income-producing debt and other instruments of varying maturities.

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