The Gabelli Dividend & Income Trust (NYSE:GDV) Plans $0.11 Monthly Dividend

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.11 per share by the financial services provider on Monday, March 24th. This represents a $1.32 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date is Monday, March 17th.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE:GDV opened at $24.61 on Wednesday. The company has a 50-day moving average price of $24.42 and a 200 day moving average price of $23.51. The Gabelli Dividend & Income Trust has a 52 week low of $19.68 and a 52 week high of $25.33.

Insider Activity

In related news, insider Mario J. Gabelli acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $249,000. This trade represents a 25.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders purchased 3,134,000 shares of company stock worth $31,369,800.

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.