The Gabelli Healthcare & Wellness Trust (GRX) To Go Ex-Dividend on March 17th

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) declared a quarterly dividend on Thursday, February 13th, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.15 per share by the investment management company on Monday, March 24th. This represents a $0.60 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, March 17th.

The Gabelli Healthcare & Wellness Trust has decreased its dividend by an average of 19.0% per year over the last three years.

The Gabelli Healthcare & Wellness Trust Stock Performance

The Gabelli Healthcare & Wellness Trust stock opened at $9.96 on Friday. The Gabelli Healthcare & Wellness Trust has a one year low of $9.21 and a one year high of $11.24. The business has a 50 day simple moving average of $10.02 and a 200 day simple moving average of $10.36.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other news, major shareholder Saba Capital Management, L.P. bought 20,408 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost of $9.74 per share, with a total value of $198,773.92. Following the purchase, the insider now owns 1,911,034 shares of the company’s stock, valued at approximately $18,613,471.16. This represents a 1.08 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mario J. Gabelli bought 4,000 shares of the stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of $9.80 per share, with a total value of $39,200.00. Following the completion of the purchase, the insider now directly owns 229,872 shares in the company, valued at approximately $2,252,745.60. This trade represents a 1.77 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 67,731 shares of company stock worth $665,813.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.