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

Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.12 per share by the investment management company on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Wednesday, September 16th.

Gabelli Convertible & Income Securities Fund Price Performance

Shares of GCV opened at $4.73 on Thursday. The business has a 50-day moving average of $4.63 and a 200 day moving average of $4.52. Gabelli Convertible & Income Securities Fund has a fifty-two week low of $3.91 and a fifty-two week high of $4.77.

Hedge Funds Weigh In On Gabelli Convertible & Income Securities Fund

Several large investors have recently modified their holdings of GCV. Citadel Advisors LLC raised its position in shares of Gabelli Convertible & Income Securities Fund by 44.6% in the third quarter. Citadel Advisors LLC now owns 30,828 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 9,506 shares during the period. Susquehanna International Group LLP bought a new position in Gabelli Convertible & Income Securities Fund in the 3rd quarter worth approximately $186,000. PFG Advisors boosted its holdings in Gabelli Convertible & Income Securities Fund by 2.9% in the 4th quarter. PFG Advisors now owns 142,900 shares of the investment management company’s stock worth $593,000 after buying an additional 4,059 shares during the period. Integrity Advisory Solutions LLC purchased a new position in Gabelli Convertible & Income Securities Fund in the 4th quarter valued at approximately $48,000. Finally, Kestra Advisory Services LLC grew its stake in Gabelli Convertible & Income Securities Fund by 59.2% in the 4th quarter. Kestra Advisory Services LLC now owns 57,251 shares of the investment management company’s stock valued at $238,000 after buying an additional 21,290 shares in the last quarter. Hedge funds and other institutional investors own 23.40% of the company’s stock.

Gabelli Convertible & Income Securities Fund Company Profile

Gabelli Convertible & Income Securities Fund (NYSE: GCV) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in convertible securities and other fixed-income instruments. The fund’s portfolio typically includes convertible corporate bonds, preferred stocks, and equities of companies that offer the potential for both income generation and price appreciation through embedded option features.

The fund pursues a strategy that combines credit analysis with equity valuation to identify convertible securities that offer attractive yields relative to their risk profiles.