Gabelli Convertible & Income Securities Fund Inc. (GCV) to Issue Quarterly Dividend of $0.12 on September 23rd

Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.12 per share by the investment management company on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

Gabelli Convertible & Income Securities Fund Stock Down 0.0%

Shares of Gabelli Convertible & Income Securities Fund stock opened at $4.73 on Friday. The firm’s 50 day moving average is $4.63 and its 200 day moving average is $4.52. Gabelli Convertible & Income Securities Fund has a 1 year low of $3.91 and a 1 year high of $4.77.

About Gabelli Convertible & Income Securities Fund

Gabelli Convertible & Income Securities Fund (NYSE: GCV) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in convertible securities and other fixed-income instruments. The fund’s portfolio typically includes convertible corporate bonds, preferred stocks, and equities of companies that offer the potential for both income generation and price appreciation through embedded option features.

The fund pursues a strategy that combines credit analysis with equity valuation to identify convertible securities that offer attractive yields relative to their risk profiles.