The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Free Report) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.12 per share by the investment management company on Friday, December 20th. This represents a $0.48 annualized dividend and a dividend yield of 12.66%. The ex-dividend date of this dividend is Friday, December 13th.
The Gabelli Convertible and Income Securities Fund Price Performance
The Gabelli Convertible and Income Securities Fund stock opened at $3.79 on Friday. The Gabelli Convertible and Income Securities Fund has a 52 week low of $3.33 and a 52 week high of $4.34. The stock has a fifty day moving average of $3.79 and a 200-day moving average of $3.73.
Insider Activity at The Gabelli Convertible and Income Securities Fund
In other The Gabelli Convertible and Income Securities Fund news, insider Mario J. Gabelli sold 8,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $4.00, for a total value of $32,000.00. Following the completion of the transaction, the insider now owns 1,092,000 shares of the company’s stock, valued at $4,368,000. This represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 12,669 shares of company stock valued at $49,549. 0.78% of the stock is owned by insiders.
About The Gabelli Convertible and Income Securities Fund
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.
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