The Gabelli Dividend & Income Trust Plans Dividend of $0.11 (NYSE:GDV)

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a dividend on Wednesday, October 16th, investing.com reports. Investors of record on Friday, October 18th will be given a dividend of 0.11 per share by the financial services provider on Thursday, October 24th. This represents a yield of 5.29%. The ex-dividend date of this dividend is Thursday, October 17th.

The Gabelli Dividend & Income Trust Trading Up 1.0 %

Shares of The Gabelli Dividend & Income Trust stock traded up $0.25 during trading hours on Wednesday, reaching $24.95. The stock had a trading volume of 88,326 shares, compared to its average volume of 167,157. The stock’s 50 day moving average is $23.92 and its 200 day moving average is $23.09. The Gabelli Dividend & Income Trust has a twelve month low of $18.04 and a twelve month high of $24.99.

Insider Buying and Selling

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 3,131,500 shares of the company’s stock in a transaction on Friday, October 11th. The shares were bought at an average cost of $10.00 per share, with a total value of $31,315,000.00. Following the completion of the acquisition, the insider now owns 3,131,500 shares in the company, valued at approximately $31,315,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Mario J. Gabelli bought 3,280 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the purchase, the insider now directly owns 142,592 shares of the company’s stock, valued at approximately $3,266,782.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mario J. Gabelli purchased 3,131,500 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was bought at an average cost of $10.00 per share, for a total transaction of $31,315,000.00. Following the completion of the purchase, the insider now directly owns 3,131,500 shares in the company, valued at $31,315,000. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 3,136,000 shares of company stock valued at $31,410,978.

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.