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

The Gabelli Dividend & Income Trust (NYSE:GDV) 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 dividend yield of 5.39%. The ex-dividend date is Thursday, February 13th.

The Gabelli Dividend & Income Trust Trading Down 0.2 %

GDV stock traded down $0.05 during trading on Friday, reaching $24.50. The company’s stock had a trading volume of 139,580 shares, compared to its average volume of 163,157. The company’s fifty day moving average is $24.35 and its 200-day moving average is $23.43. The Gabelli Dividend & Income Trust has a 1 year low of $19.52 and a 1 year high of $25.33.

Insider Buying and Selling

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of $24.90 per share, with a total value of $49,800.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $249,000. This trade represents a 25.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders bought 3,134,000 shares of company stock valued at $31,369,800.

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.