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

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Friday, August 23rd, NASDAQ reports. Stockholders of record on Thursday, October 17th will be paid a dividend of 0.11 per share by the financial services provider on Thursday, October 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend is Thursday, October 17th.

The Gabelli Dividend & Income Trust Stock Up 0.9 %

NYSE:GDV opened at $24.86 on Tuesday. The Gabelli Dividend & Income Trust has a 52 week low of $18.04 and a 52 week high of $24.91. The firm’s 50-day simple moving average is $23.83 and its 200 day simple moving average is $23.06.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 3,280 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $22.91 per share, for a total transaction of $75,144.80. Following the completion of the transaction, the insider now owns 142,592 shares in the company, valued at approximately $3,266,782.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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.