Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) Shares Set to Pay Quarterly Dividend of $0.12

Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Friday, December 11th will be given a dividend of $0.12 per share by the investment management company on Friday, December 18th. This represents a $0.48 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Friday, December 11th.

Gabelli Convertible & Income Securities Fund Price Performance

NYSE:GCV opened at $3.85 on Thursday. Gabelli Convertible & Income Securities Fund has a fifty-two week low of $3.50 and a fifty-two week high of $4.80. The company has a 50 day simple moving average of $4.15 and a two-hundred day simple moving average of $4.44.

About Gabelli Convertible & Income Securities Fund

Gabelli Convertible & Income Securities Fund (NYSE: GCV) is a closed-end investment company managed by Gabelli Funds, LLC. The fund seeks to provide a high level of current income while also pursuing capital appreciation by investing primarily in convertible securities and other income-producing investments. The fund’s portfolio may include convertible bonds, convertible preferred stocks, corporate debt securities, preferred securities and other fixed-income investments. Convertible securities generally provide regular income while offering the potential to participate in the equity performance of the issuing company.