The Gabelli Healthcare & Wellness Trust Announces Quarterly Dividend of $0.15 (NYSE:GRX)

The Gabelli Healthcare & Wellness Trust (NYSE:GRXGet Rating) announced a quarterly dividend on Tuesday, May 17th, Wall Street Journal reports. Stockholders of record on Wednesday, June 15th will be given a dividend of 0.15 per share by the investment management company on Thursday, June 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Tuesday, June 14th.

The Gabelli Healthcare & Wellness Trust has increased its dividend payment by an average of 22.7% annually over the last three years.

NYSE GRX opened at $11.54 on Wednesday. The firm has a 50-day moving average of $12.37 and a 200-day moving average of $12.79. The Gabelli Healthcare & Wellness Trust has a 52-week low of $10.70 and a 52-week high of $14.25.

A number of large investors have recently added to or reduced their stakes in GRX. Citadel Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust during the second quarter worth about $152,000. NewEdge Advisors LLC bought a new position in The Gabelli Healthcare & Wellness Trust in the 4th quarter valued at about $179,000. Advisor Group Holdings Inc. increased its holdings in The Gabelli Healthcare & Wellness Trust by 16.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 27,574 shares of the investment management company’s stock valued at $354,000 after buying an additional 3,858 shares during the period. Eudaimonia Partners LLC bought a new position in The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at about $520,000. Finally, Atria Wealth Solutions Inc. bought a new position in The Gabelli Healthcare & Wellness Trust in the 1st quarter valued at about $1,153,000.

About The Gabelli Healthcare & Wellness Trust (Get Rating)

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.

See Also

Dividend History for The Gabelli Healthcare & Wellness Trust (NYSE:GRX)

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