The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) announced a monthly dividend on Wednesday, November 12th. Investors of record on Thursday, January 15th will be paid a dividend of 0.15 per share by the financial services provider on Friday, January 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, January 15th. This is a 7.1% increase from The Gabelli Dividend & Income Trust’s previous monthly dividend of $0.14.
The Gabelli Dividend & Income Trust Trading Down 0.8%
GDV opened at $27.13 on Friday. The business’s 50-day moving average is $27.07 and its two-hundred day moving average is $26.13. The Gabelli Dividend & Income Trust has a 1 year low of $20.10 and a 1 year high of $27.58.
Hedge Funds Weigh In On The Gabelli Dividend & Income Trust
Several institutional investors and hedge funds have recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 1st quarter valued at $27,000. Vermillion Wealth Management Inc. acquired a new position in The Gabelli Dividend & Income Trust during the 2nd quarter valued at about $29,000. Eastern Bank purchased a new stake in shares of The Gabelli Dividend & Income Trust during the first quarter worth about $35,000. Pinnacle Bancorp Inc. purchased a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter valued at approximately $37,000. Finally, US Bancorp DE purchased a new stake in The Gabelli Dividend & Income Trust during the 3rd quarter worth approximately $43,000.
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.
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