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

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given 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 yield of 6.64%. The ex-dividend date is Friday, June 13th. This is an increase from The Gabelli Dividend & Income Trust’s previous monthly dividend of $0.11.

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

The Gabelli Dividend & Income Trust Trading Up 0.3 %

The Gabelli Dividend & Income Trust stock opened at $25.29 on Thursday. The firm’s fifty day moving average is $24.69 and its 200 day moving average is $24.42. The Gabelli Dividend & Income Trust has a 12-month low of $21.44 and a 12-month high of $25.67.

Insider Transactions at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli purchased 2,300 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the transaction, the insider now owns 145,812 shares in the company, valued at $3,620,511.96. This represents a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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.