The Gabelli Convertible and Income Securities Fund Inc. Announces Quarterly Dividend of $0.12 (NYSE:GCV)

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) declared 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 dividend on an annualized basis and a dividend yield of 12.66%. The ex-dividend date is Friday, December 13th.

The Gabelli Convertible and Income Securities Fund Stock Performance

The Gabelli Convertible and Income Securities Fund stock opened at $3.79 on Friday. The firm has a 50 day moving average price of $3.79 and a two-hundred day moving average price of $3.73. The Gabelli Convertible and Income Securities Fund has a 52-week low of $3.33 and a 52-week high of $4.34.

Insider Activity at The Gabelli Convertible and Income Securities Fund

In other news, insider Mario J. Gabelli sold 8,000 shares of The Gabelli Convertible and Income Securities Fund stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $4.00, for a total value of $32,000.00. Following the completion of the sale, the insider now owns 1,092,000 shares in the company, valued at $4,368,000. The trade was a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 12,669 shares of company stock worth $49,549 over the last quarter. Company insiders own 0.78% of the company’s stock.

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.