The Gabelli Dividend & Income Trust (NYSE:GDV) Declares $0.15 Monthly Dividend

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Wednesday, August 12th. Shareholders of record on Friday, December 11th will be given a dividend of 0.15 per share by the financial services provider on Friday, December 18th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, December 11th.

The Gabelli Dividend & Income Trust Trading Up 0.5%

The Gabelli Dividend & Income Trust stock opened at $30.71 on Thursday. The Gabelli Dividend & Income Trust has a one year low of $26.14 and a one year high of $30.77. The stock has a fifty day moving average of $29.53 and a 200 day moving average of $28.88.

Institutional Trading of The Gabelli Dividend & Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Compound Planning Inc. lifted its holdings in shares of The Gabelli Dividend & Income Trust by 2.6% in the 1st quarter. Compound Planning Inc. now owns 16,170 shares of the financial services provider’s stock valued at $435,000 after buying an additional 406 shares during the period. Gables Capital Management Inc. raised its position in The Gabelli Dividend & Income Trust by 3.0% during the first quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 500 shares in the last quarter. HighTower Advisors LLC lifted its holdings in The Gabelli Dividend & Income Trust by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 58,662 shares of the financial services provider’s stock valued at $1,629,000 after acquiring an additional 633 shares during the period. Focus Partners Wealth boosted its position in The Gabelli Dividend & Income Trust by 2.2% in the 3rd quarter. Focus Partners Wealth now owns 35,180 shares of the financial services provider’s stock worth $954,000 after purchasing an additional 743 shares in the last quarter. Finally, Private Wealth Partners LLC boosted its position in The Gabelli Dividend & Income Trust by 0.8% in the 1st quarter. Private Wealth Partners LLC now owns 94,859 shares of the financial services provider’s stock worth $2,555,000 after purchasing an additional 750 shares in the last quarter.

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.