The Gabelli Dividend & Income Trust (NYSE:GDV) Announces $0.11 Monthly Dividend

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Monday, November 18th, Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.11 per share by the financial services provider on Monday, March 24th. This represents a $1.32 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Monday, March 17th.

The Gabelli Dividend & Income Trust has decreased its dividend payment by an average of 6.0% per year over the last three years.

The Gabelli Dividend & Income Trust Stock Up 1.7 %

NYSE:GDV opened at $23.87 on Friday. The stock has a 50 day moving average of $24.67 and a 200-day moving average of $24.55. The Gabelli Dividend & Income Trust has a 52 week low of $21.44 and a 52 week high of $25.67.

Insider Activity

In related news, insider Mario J. Gabelli bought 2,300 shares of the stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $24.83 per share, with a total value of $57,109.00. Following the completion of the acquisition, the insider now owns 145,812 shares of the company’s stock, valued at $3,620,511.96. This trade represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.