The Gabelli Convertible and Income Securities Fund Inc. Declares Quarterly Dividend of $0.12 (NYSE:GCV)

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.12 per share by the investment management company on Friday, December 20th. This represents a $0.48 annualized dividend and a dividend yield of 12.60%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Convertible and Income Securities Fund Stock Performance

NYSE GCV traded up $0.01 on Friday, reaching $3.81. 47,670 shares of the company were exchanged, compared to its average volume of 48,413. The business’s fifty day moving average price is $3.80 and its 200 day moving average price is $3.72. The Gabelli Convertible and Income Securities Fund has a fifty-two week low of $3.33 and a fifty-two week high of $4.34.

Insider Activity at The Gabelli Convertible and Income Securities Fund

In other The Gabelli Convertible and Income Securities Fund news, insider Mario J. Gabelli sold 8,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $4.00, for a total transaction of $32,000.00. Following the completion of the sale, the insider now owns 1,092,000 shares of the company’s stock, valued at $4,368,000. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 12,669 shares of company stock valued at $49,549. 0.78% of the stock is owned by company insiders.

About The Gabelli Convertible and Income Securities Fund

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.