The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) declared a monthly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be given a dividend of 0.11 per share by the financial services provider on Friday, February 21st. This represents a $1.32 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Thursday, February 13th.
The Gabelli Dividend & Income Trust Trading Down 0.2 %
Shares of NYSE GDV traded down $0.05 during mid-day trading on Friday, hitting $24.50. 139,580 shares of the stock traded hands, compared to its average volume of 163,157. The stock has a fifty day moving average price of $24.35 and a 200-day moving average price of $23.43. The Gabelli Dividend & Income Trust has a 52 week low of $19.52 and a 52 week high of $25.33.
Insider Buying and Selling
In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at $249,000. This represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 3,134,000 shares of company stock worth $31,369,800 in the last 90 days.
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.
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