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

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Tuesday, May 21st, Wall Street Journal reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.11 per share by the financial services provider on Monday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend is Monday, September 16th.

The Gabelli Dividend & Income Trust Stock Up 1.1 %

Shares of GDV opened at $23.83 on Friday. The Gabelli Dividend & Income Trust has a 12-month low of $18.04 and a 12-month high of $24.09. The business has a 50-day simple moving average of $23.37 and a two-hundred day simple moving average of $22.78.

Insider Transactions at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 3,280 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $22.91 per share, for a total transaction of $75,144.80. Following the acquisition, the insider now directly owns 142,592 shares in the company, valued at $3,266,782.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.