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

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a dividend on Thursday, November 14th,investing.com reports. Stockholders of record on Thursday, February 13th will be paid a dividend of 0.14 per share by the financial services provider on Friday, February 21st. This represents a dividend yield of 6.95%. The ex-dividend date of this dividend is Thursday, February 13th.

The Gabelli Dividend & Income Trust has increased its dividend by an average of 2.8% annually over the last three years.

The Gabelli Dividend & Income Trust Price Performance

The Gabelli Dividend & Income Trust stock opened at $24.98 on Tuesday. The Gabelli Dividend & Income Trust has a 52-week low of $21.44 and a 52-week high of $25.67. The firm has a 50-day moving average price of $24.73 and a two-hundred day moving average price of $24.33.

Insider Transactions at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli bought 2,300 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $24.83 per share, with a total value of $57,109.00. Following the completion of the acquisition, the insider now directly owns 145,812 shares in the company, valued at approximately $3,620,511.96. The trade was a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.