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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.15 per share by the investment management company on Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date is Friday, December 13th.

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

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of NYSE:GRX opened at $10.10 on Friday. The Gabelli Healthcare & Wellness Trust has a 52 week low of $8.43 and a 52 week high of $11.24. The firm’s 50 day moving average is $10.76 and its two-hundred day moving average is $10.27.

Insider Transactions at The Gabelli Healthcare & Wellness Trust

In other news, major shareholder Saba Capital Management, L.P. bought 5,364 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was acquired at an average price of $10.36 per share, with a total value of $55,571.04. Following the completion of the purchase, the insider now directly owns 1,866,152 shares of the company’s stock, valued at $19,333,334.72. This represents a 0.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders acquired 41,256 shares of company stock valued at $443,076.

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.