The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) Declares $0.12 Quarterly Dividend

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) declared a quarterly dividend on Friday, August 23rd, NASDAQ reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.12 per share by the investment management company on Monday, September 23rd. This represents a $0.48 annualized dividend and a dividend yield of 11.74%. The ex-dividend date of this dividend is Monday, September 16th.

The Gabelli Convertible and Income Securities Fund Stock Up 0.2 %

Shares of The Gabelli Convertible and Income Securities Fund stock opened at $4.09 on Friday. The business has a 50-day simple moving average of $3.80 and a 200 day simple moving average of $3.69. The Gabelli Convertible and Income Securities Fund has a one year low of $3.15 and a one year high of $4.34.

Insider Activity

In related news, insider Mario J. Gabelli sold 8,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.00, for a total value of $32,000.00. Following the transaction, the insider now directly owns 1,092,000 shares in the company, valued at approximately $4,368,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 11,093 shares of company stock worth $43,656 over the last quarter. 0.78% of the stock is currently owned by corporate insiders.

The Gabelli Convertible and Income Securities Fund Company Profile

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.