The Gabelli Dividend & Income Trust (GDV) Sets New 12-Month Low at $19.85

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The Gabelli Dividend & Income Trust (NYSE:GDV) shares hit a new 52-week low during trading on Thursday . The company traded as low as $19.85 and last traded at $20.13, with a volume of 235141 shares trading hands. The stock had previously closed at $20.86.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 21st. Shareholders of record on Wednesday, February 13th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend is Tuesday, February 12th.

In other The Gabelli Dividend & Income Trust news, Director James P. Conn sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $20.80, for a total value of $104,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in The Gabelli Dividend & Income Trust by 0.7% in the third quarter. Wells Fargo & Company MN now owns 1,097,804 shares of the financial services provider’s stock worth $26,237,000 after acquiring an additional 8,081 shares in the last quarter. Raymond James & Associates grew its position in The Gabelli Dividend & Income Trust by 15.8% in the second quarter. Raymond James & Associates now owns 382,922 shares of the financial services provider’s stock worth $8,639,000 after acquiring an additional 52,365 shares in the last quarter. Advisors Asset Management Inc. grew its position in The Gabelli Dividend & Income Trust by 15.0% in the third quarter. Advisors Asset Management Inc. now owns 246,293 shares of the financial services provider’s stock worth $5,886,000 after acquiring an additional 32,126 shares in the last quarter. Shaker Financial Services LLC grew its position in The Gabelli Dividend & Income Trust by 76.5% in the third quarter. Shaker Financial Services LLC now owns 232,115 shares of the financial services provider’s stock worth $5,548,000 after acquiring an additional 100,613 shares in the last quarter. Finally, First Trust Advisors LP grew its position in The Gabelli Dividend & Income Trust by 2.0% in the third quarter. First Trust Advisors LP now owns 169,106 shares of the financial services provider’s stock worth $4,042,000 after acquiring an additional 3,314 shares in the last quarter.

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The Gabelli Dividend & Income Trust Company Profile (NYSE:GDV)

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.

See Also: 52-Week High/Low

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