The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) declared a monthly dividend on Wednesday, May 13th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.15 per share by the financial services provider on Monday, August 24th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Monday, August 17th.
The Gabelli Dividend & Income Trust Trading Down 0.4%
NYSE:GDV opened at $30.78 on Friday. The company’s 50 day moving average price is $29.61 and its 200-day moving average price is $28.91. The Gabelli Dividend & Income Trust has a 52 week low of $26.14 and a 52 week high of $31.00.
Hedge Funds Weigh In On The Gabelli Dividend & Income Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDV. Larson Financial Group LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth $30,000. Assetmark Inc. raised its stake in shares of The Gabelli Dividend & Income Trust by 142.3% in the first quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 777 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the third quarter valued at $38,000. Allied Private Wealth LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the second quarter valued at $40,000. Finally, US Bancorp DE purchased a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter valued at $43,000.
The Gabelli Dividend & Income Trust Company Profile
The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.
The trust’s primary investment focus is on dividend-paying common stocks of U.S.
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