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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a quarterly dividend on Friday, August 23rd, NASDAQ reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.15 per share by the investment management company on Monday, September 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Monday, September 16th.

The Gabelli Healthcare & Wellness Trust has increased its dividend payment by an average of 1.1% annually over the last three years.

The Gabelli Healthcare & Wellness Trust Stock Up 0.4 %

GRX stock opened at $11.10 on Friday. The firm’s fifty day moving average is $10.49 and its 200 day moving average is $9.98. The Gabelli Healthcare & Wellness Trust has a 52 week low of $7.73 and a 52 week high of $11.20.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 22,571 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was bought at an average price of $10.08 per share, with a total value of $227,515.68. Following the purchase, the insider now owns 1,650,275 shares in the company, valued at approximately $16,634,772. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have purchased 150,986 shares of company stock valued at $1,531,130.

The Gabelli Healthcare & Wellness Trust Company Profile

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.