The Gabelli Dividend & Income Trust Declares Dividend of $0.11 (NYSE:GDV)

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a dividend on Thursday, October 17th, investing.com reports. Investors of record on Friday, October 18th will be given a dividend of 0.11 per share by the financial services provider on Thursday, October 24th. This represents a yield of 5.32%. The ex-dividend date is Thursday, October 17th.

The Gabelli Dividend & Income Trust Trading Down 0.1 %

NYSE GDV opened at $24.82 on Friday. The Gabelli Dividend & Income Trust has a 12-month low of $18.04 and a 12-month high of $24.99. The company has a 50 day moving average price of $23.97 and a two-hundred day moving average price of $23.10.

Insider Activity

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 2,000 shares of the firm’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 completion of the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at approximately $249,000. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Mario J. Gabelli bought 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares in the company, valued at approximately $249,000. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mario J. Gabelli purchased 3,131,500 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were bought at an average price of $10.00 per share, with a total value of $31,315,000.00. Following the purchase, the insider now owns 3,131,500 shares in the company, valued at $31,315,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 3,138,000 shares of company stock worth $31,460,778.

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.