The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Plans Quarterly Dividend of $0.15

Posted by Matthew Steigler on Nov 15th, 2024

The Gabelli Healthcare & Wellness Trust (NYSE:GRX – Get Free Report) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.15 per share by the investment management company on Friday, December 20th. This represents a $0.60 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Healthcare & Wellness Trust has increased its dividend payment by an average of 1.1% per year over the last three years.

The Gabelli Healthcare & Wellness Trust Trading Down 2.0 %

Shares of GRX traded down $0.21 during midday trading on Friday, hitting $10.10. 28,865 shares of the company traded hands, compared to its average volume of 32,086. The Gabelli Healthcare & Wellness Trust has a one year low of $8.43 and a one year high of $11.24. The stock has a 50-day moving average of $10.78 and a 200-day moving average of $10.27.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. acquired 5,364 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $10.36 per share, for a total transaction of $55,571.04. Following the completion of the acquisition, the insider now owns 1,866,152 shares in the company, valued at approximately $19,333,334.72. This represents a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have bought 41,256 shares of company stock valued at $443,076.

About The Gabelli Healthcare & Wellness Trust

(Get Free Report)

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.