The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) insider Mario J. Gabelli purchased 3,131,500 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Friday, October 11th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $31,315,000.00. Following the transaction, the insider now directly owns 3,131,500 shares of the company’s stock, valued at approximately $31,315,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
The Gabelli Dividend & Income Trust Stock Down 0.6 %
Shares of GDV traded down $0.16 during mid-day trading on Tuesday, hitting $24.70. 115,387 shares of the company’s stock were exchanged, compared to its average volume of 167,554. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $24.99. The stock’s 50-day moving average is $23.87 and its 200-day moving average is $23.07.
The Gabelli Dividend & Income Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.32 annualized dividend and a dividend yield of 5.34%.
Institutional Trading of The Gabelli Dividend & Income Trust
The Gabelli Dividend & Income Trust Company Profile
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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