The Gabelli Dividend & Income Trust to Issue Monthly Dividend of $0.14 (NYSE:GDV)

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.14 per share by the financial services provider on Monday, June 23rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, June 13th.

The Gabelli Dividend & Income Trust has increased its dividend by an average of 3.6% annually over the last three years.

The Gabelli Dividend & Income Trust Stock Performance

NYSE GDV opened at $25.29 on Thursday. The Gabelli Dividend & Income Trust has a twelve month low of $21.44 and a twelve month high of $25.67. The stock has a fifty day simple moving average of $24.69 and a 200 day simple moving average of $24.42.

Insider Activity at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,300 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the acquisition, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. The trade was a 1.60 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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.