The Gabelli Dividend & Income Trust (GDV) to Issue Dividend of $0.11 on October 24th

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a dividend on Thursday, October 17th, investing.com reports. Stockholders 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 of this dividend is Thursday, October 17th.

The Gabelli Dividend & Income Trust Price Performance

GDV stock opened at $24.90 on Friday. The Gabelli Dividend & Income Trust has a 52-week low of $18.04 and a 52-week high of $24.99. The business has a fifty day moving average of $24.01 and a two-hundred day moving average of $23.11.

Insider Transactions at The Gabelli Dividend & Income Trust

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

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.