The Gabelli Dividend & Income Trust Plans Monthly Dividend of $0.11 (NYSE:GDV)

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Friday, August 23rd, NASDAQ reports. Investors of record on Thursday, October 17th will be paid a dividend of 0.11 per share by the financial services provider on Thursday, October 24th. This represents a $1.32 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Thursday, October 17th.

The Gabelli Dividend & Income Trust Stock Up 0.9 %

Shares of GDV opened at $24.86 on Tuesday. The Gabelli Dividend & Income Trust has a 1 year low of $18.04 and a 1 year high of $24.91. The business’s 50 day simple moving average is $23.83 and its 200-day simple moving average is $23.06.

Insider Activity at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli purchased 3,280 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $22.91 per share, for a total transaction of $75,144.80. Following the completion of the transaction, the insider now owns 142,592 shares in the company, valued at approximately $3,266,782.72. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

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.