The Gabelli Dividend & Income Trust (GDV) Declares $0.11 Monthly Dividend
The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Monday, August 28th, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.11 per share by the financial services provider on Wednesday, November 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date is Tuesday, November 14th.
The Gabelli Dividend & Income Trust has raised its dividend by an average of 8.6% per year over the last three years.
The Gabelli Dividend & Income Trust (NYSE GDV) traded down 0.56% during midday trading on Monday, reaching $21.42. The company’s stock had a trading volume of 159,704 shares. The Gabelli Dividend & Income Trust has a one year low of $18.00 and a one year high of $22.47. The stock’s 50 day moving average price is $21.96 and its 200-day moving average price is $21.44.
Separately, Stifel Nicolaus lowered shares of The Gabelli Dividend & Income Trust from a “buy” rating to a “hold” rating in a research report on Monday, June 26th.
The Gabelli Dividend & Income Trust Company Profile
The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities, such as common and preferred stock or other income producing securities, such as fixed income debt securities and securities that are convertible into equity securities.
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