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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders 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 yield of 5.80%. 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 Price Performance

GRX stock opened at $10.34 on Wednesday. The stock’s 50 day simple moving average is $10.50 and its 200 day simple moving average is $10.36. The Gabelli Healthcare & Wellness Trust has a 12-month low of $8.90 and a 12-month high of $11.24.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. purchased 11,345 shares of the stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $11.12 per share, for a total transaction of $126,156.40. Following the transaction, the insider now owns 1,845,703 shares in the company, valued at $20,524,217.36. This trade represents a 0.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mario J. Gabelli acquired 3,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was purchased at an average cost of $10.18 per share, for a total transaction of $30,540.00. Following the purchase, the insider now directly owns 312,226 shares in the company, valued at approximately $3,178,460.68. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 60,124 shares of company stock worth $633,372 in the last three months.

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.