The Gabelli Dividend & Income Trust (GDV) To Go Ex-Dividend on November 14th

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Tuesday, August 27th,Wall Street Journal reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.11 per share by the financial services provider on Thursday, November 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend is Thursday, November 14th.

The Gabelli Dividend & Income Trust Stock Up 0.4 %

GDV opened at $25.16 on Tuesday. The Gabelli Dividend & Income Trust has a one year low of $19.16 and a one year high of $25.33. The business has a 50 day simple moving average of $24.29 and a two-hundred day simple moving average of $23.39.

Insider Activity

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of $24.90 per share, with a total value of $49,800.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at $249,000. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Mario J. Gabelli purchased 3,131,500 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $31,315,000.00. Following the completion of the transaction, the insider now directly owns 3,131,500 shares of the company’s stock, valued at $31,315,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mario J. Gabelli acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average price of $24.90 per share, with a total value of $49,800.00. Following the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at $249,000. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 3,134,000 shares of company stock valued at $31,369,800.

The Gabelli Dividend & Income Trust Company Profile

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.