The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Free Report) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.12 per share by the investment management company on Friday, December 20th. This represents a $0.48 dividend on an annualized basis and a yield of 12.60%. The ex-dividend date of this dividend is Friday, December 13th.
The Gabelli Convertible and Income Securities Fund Trading Up 0.3 %
GCV stock traded up $0.01 during midday trading on Friday, reaching $3.81. The stock had a trading volume of 47,670 shares, compared to its average volume of 48,409. The company’s fifty day simple moving average is $3.80 and its 200 day simple moving average is $3.72. The Gabelli Convertible and Income Securities Fund has a 52-week low of $3.33 and a 52-week high of $4.34.
Insider Transactions at The Gabelli Convertible and Income Securities Fund
In other news, insider Mario J. Gabelli sold 8,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.00, for a total value of $32,000.00. Following the transaction, the insider now owns 1,092,000 shares of the company’s stock, valued at $4,368,000. This represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 12,669 shares of company stock worth $49,549 in the last ninety days. Insiders own 0.78% of the company’s stock.
The Gabelli Convertible and Income Securities Fund Company Profile
The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.
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