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

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders 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 of this dividend is Thursday, February 13th.

The Gabelli Dividend & Income Trust Trading Down 0.2 %

NYSE:GDV opened at $24.50 on Friday. The firm’s fifty day moving average price is $24.37 and its 200 day moving average price is $23.44. The Gabelli Dividend & Income Trust has a 1-year low of $19.52 and a 1-year high of $25.33.

Insider Transactions at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,000 shares of the business’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 purchase, the insider now owns 10,000 shares in the company, valued at approximately $249,000. This represents a 25.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders bought 3,134,000 shares of company stock worth $31,369,800.

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.