The Gabelli Dividend & Income Trust (GDV) to Issue Monthly Dividend of $0.11 on March 24th

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Monday, November 18th,Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.11 per share by the financial services provider on Monday, March 24th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Monday, March 17th.

The Gabelli Dividend & Income Trust Trading Down 0.3 %

Shares of The Gabelli Dividend & Income Trust stock opened at $24.61 on Wednesday. The Gabelli Dividend & Income Trust has a fifty-two week low of $19.68 and a fifty-two week high of $25.33. The stock has a 50 day moving average of $24.42 and a 200 day moving average of $23.51.

Insider Buying and Selling

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $249,000. The trade was a 25.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders acquired 3,134,000 shares of company stock worth $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.