The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) declared a monthly dividend on Tuesday, August 27th, Wall Street Journal reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.11 per share by the financial services provider on Thursday, November 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Thursday, November 14th.
The Gabelli Dividend & Income Trust Price Performance
GDV stock opened at $23.87 on Thursday. The Gabelli Dividend & Income Trust has a 12 month low of $18.04 and a 12 month high of $23.97. The firm has a 50-day moving average price of $23.14 and a 200-day moving average price of $22.65.
Insider Transactions at The Gabelli Dividend & Income Trust
In related news, insider Mario J. Gabelli bought 3,280 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the acquisition, the insider now owns 142,592 shares of the company’s stock, valued at $3,266,782.72. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders purchased 4,200 shares of company stock valued at $95,528.
The Gabelli Dividend & Income Trust Company Profile
The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.
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