The Gabelli Dividend & Income Trust (GDV) to Issue Monthly Dividend of $0.11 on March 24th

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Monday, November 18th, Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.11 per share by the financial services provider on Monday, March 24th. This represents a $1.32 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Monday, March 17th.

The Gabelli Dividend & Income Trust has decreased its dividend payment by an average of 6.0% per year over the last three years.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV opened at $23.87 on Friday. The stock’s 50-day moving average is $24.67 and its two-hundred day moving average is $24.55. The Gabelli Dividend & Income Trust has a 12 month low of $21.44 and a 12 month high of $25.67.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,300 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average cost of $24.83 per share, with a total value of $57,109.00. Following the completion of the transaction, the insider now owns 145,812 shares in the company, valued at $3,620,511.96. The trade was a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

About The Gabelli Dividend & Income Trust

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.