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

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Tuesday, November 21st, Wall Street Journal reports. Stockholders of record on Wednesday, February 14th will be given a dividend of 0.11 per share by the financial services provider on Thursday, February 22nd. This represents a $1.32 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend is Tuesday, February 13th.

The Gabelli Dividend & Income Trust Trading Up 1.2 %

The Gabelli Dividend & Income Trust stock opened at $19.95 on Tuesday. The business’s 50-day simple moving average is $19.34 and its 200 day simple moving average is $20.34. The Gabelli Dividend & Income Trust has a 12-month low of $18.04 and a 12-month high of $22.39.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several institutional investors have recently modified their holdings of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in The Gabelli Dividend & Income Trust in the first quarter valued at approximately $28,000. McIlrath & Eck LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 961.4% in the 4th quarter. McIlrath & Eck LLC now owns 2,335 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 2,115 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the fourth quarter worth $103,000. Captrust Financial Advisors bought a new stake in The Gabelli Dividend & Income Trust in the second quarter valued at about $149,000. Finally, Money Concepts Capital Corp acquired a new position in The Gabelli Dividend & Income Trust in the fourth quarter valued at about $200,000.

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.