GAMCO Investors, Inc. (GAMI) to Issue Quarterly Dividend of $0.08 on March 25th

GAMCO Investors, Inc. (NYSE:GAMI) announced a quarterly dividend on Tuesday, February 4th, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 11th will be given a dividend of 0.08 per share on Tuesday, March 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, March 11th. This is a 100.0% increase from GAMCO Investors’s previous quarterly dividend of $0.04.

GAMCO Investors has increased its dividend payment by an average of 17.0% per year over the last three years.

GAMCO Investors Stock Down 1.4 %

GAMI opened at $24.99 on Friday. The firm has a market capitalization of $605.26 million, a P/E ratio of 9.47 and a beta of 0.96. The firm’s 50 day moving average is $24.32 and its 200-day moving average is $24.68. GAMCO Investors has a 52-week low of $19.00 and a 52-week high of $28.00.

About GAMCO Investors

GAMCO Investors, Inc is a publicly owned holding investment manager. The firm also provides wealth management, investment advisory, institutional research, brokerage, dealer, underwriting, and distribution services to its clients. It provides its services to individuals including high net worth individuals, corporate pension and profit-sharing plans, foundations, endowments, jointly trust plans, municipalities, and investment companies.