The Gabelli Dividend & Income Trust (NYSE:GDV) to Issue $0.11 Dividend

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a dividend on Thursday, October 17th, investing.com reports. Investors of record on Friday, October 18th will be given a dividend of 0.11 per share by the financial services provider on Thursday, October 24th. This represents a dividend yield of 5.32%. The ex-dividend date is Thursday, October 17th.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV opened at $24.90 on Friday. The Gabelli Dividend & Income Trust has a twelve month low of $18.04 and a twelve month high of $24.99. The firm’s fifty day simple moving average is $24.01 and its 200-day simple moving average is $23.11.

Insiders Place Their Bets

In related news, insider Mario J. Gabelli bought 2,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the purchase, the insider now owns 10,000 shares of the company’s stock, valued at $249,000. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Mario J. Gabelli purchased 3,131,500 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were bought at an average cost of $10.00 per share, with a total value of $31,315,000.00. Following the purchase, the insider now directly owns 3,131,500 shares of the company’s stock, valued at approximately $31,315,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mario J. Gabelli bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $24.90 per share, with a total value of $49,800.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $249,000. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 3,138,000 shares of company stock valued at $31,460,778 over the last quarter.

About The Gabelli Dividend & Income Trust

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.