The Gabelli Dividend & Income Trust Declares Monthly Dividend of $0.14 (NYSE:GDV)

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Wednesday, February 19th,Wall Street Journal reports. Investors 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 6.64%. The ex-dividend date of this dividend is Friday, June 13th.

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

The Gabelli Dividend & Income Trust Trading Up 0.3 %

Shares of GDV stock opened at $25.29 on Thursday. The stock has a 50 day simple moving average of $24.69 and a 200 day simple moving average of $24.42. The Gabelli Dividend & Income Trust has a 1 year low of $21.44 and a 1 year 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 business’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the purchase, the insider now directly owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through 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.