The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Announces Quarterly Dividend of $0.15

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.15 per share by the investment management company on Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Friday, December 13th.

The Gabelli Healthcare & Wellness Trust has raised its dividend by an average of 1.1% annually over the last three years.

The Gabelli Healthcare & Wellness Trust Trading Down 2.0 %

Shares of The Gabelli Healthcare & Wellness Trust stock traded down $0.21 on Friday, hitting $10.10. 28,865 shares of the company traded hands, compared to its average volume of 32,085. The Gabelli Healthcare & Wellness Trust has a 52 week low of $8.43 and a 52 week high of $11.24. The business has a 50-day simple moving average of $10.78 and a 200 day simple moving average of $10.27.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 11,345 shares of the stock in a transaction dated Thursday, September 26th. The stock was purchased at an average cost of $11.12 per share, with a total value of $126,156.40. Following the completion of the purchase, the insider now owns 1,845,703 shares of the company’s stock, valued at $20,524,217.36. This trade represents a 0.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased 41,256 shares of company stock valued at $443,076 in the last ninety days.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.