The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) Announces $0.12 Quarterly Dividend

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) announced a quarterly dividend on Thursday, February 13th, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.12 per share by the investment management company on Monday, March 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.38%. The ex-dividend date of this dividend is Monday, March 17th.

The Gabelli Convertible and Income Securities Fund has decreased its dividend payment by an average of 20.2% annually over the last three years.

The Gabelli Convertible and Income Securities Fund Trading Up 2.0 %

Shares of NYSE:GCV opened at $3.88 on Friday. The stock has a 50-day simple moving average of $3.87 and a 200-day simple moving average of $3.86. The Gabelli Convertible and Income Securities Fund has a 1 year low of $3.35 and a 1 year high of $4.34.

About The Gabelli Convertible and Income Securities Fund

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.