The Gabelli Dividend & Income Trust to Issue Monthly Dividend of $0.11 (NYSE:GDV)

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Thursday, February 13th will be given a dividend of 0.11 per share by the financial services provider on Friday, February 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date is Thursday, February 13th.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE:GDV opened at $24.50 on Friday. The business has a 50-day moving average of $24.37 and a two-hundred day moving average of $23.44. The Gabelli Dividend & Income Trust has a 12 month low of $19.52 and a 12 month high of $25.33.

Insider Transactions at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli bought 3,131,500 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $31,315,000.00. Following the acquisition, the insider now owns 3,131,500 shares in the company, valued at $31,315,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired 3,134,000 shares of company stock valued at $31,369,800 over the last 90 days.

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.