The Gabelli Dividend & Income Trust (NYSE:GDV) Increases Dividend to $0.14 Per Share

Posted by Tyrone Williams on Feb 18th, 2025

The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) declared a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.14 per share by the financial services provider on Monday, June 23rd. This represents a $1.68 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from The Gabelli Dividend & Income Trust’s previous monthly dividend of $0.11.

The Gabelli Dividend & Income Trust has raised its dividend by an average of 3.6% annually over the last three years.

The Gabelli Dividend & Income Trust Stock Up 0.6 %

Shares of NYSE:GDV traded up $0.16 during trading hours on Tuesday, hitting $25.24. 122,841 shares of the company’s stock traded hands, compared to its average volume of 131,134. The Gabelli Dividend & Income Trust has a 1 year low of $21.44 and a 1 year high of $25.67. The business has a fifty day moving average price of $24.69 and a 200-day moving average price of $24.40.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,300 shares of the company’s stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the transaction, the insider now directly owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. This represents a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

About The Gabelli Dividend & Income Trust

(Get Free Report)

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.