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

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a dividend on Thursday, October 17th, investing.com reports. Shareholders of record on Friday, October 18th will be paid a dividend of 0.11 per share by the financial services provider on Thursday, October 24th. This represents a dividend yield of 5.32%. The ex-dividend date is Thursday, October 17th.

The Gabelli Dividend & Income Trust Stock Performance

GDV stock opened at $24.82 on Friday. The company’s 50 day simple moving average is $23.97 and its 200-day simple moving average is $23.10. The Gabelli Dividend & Income Trust has a 52-week low of $18.04 and a 52-week high of $24.99.

Insider Activity

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average price of $24.90 per share, for a total transaction of $49,800.00. Following the completion of the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at $249,000. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $249,000. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mario J. Gabelli bought 3,131,500 shares of the stock in a transaction on Friday, October 11th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $31,315,000.00. Following the purchase, the insider now owns 3,131,500 shares in the company, valued at approximately $31,315,000. The disclosure for this purchase can be found here. Insiders acquired 3,138,000 shares of company stock worth $31,460,778 over the last quarter.

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.