The Gabelli Dividend & Income Trust (NYSE:GDV) Director Susan Virginia Watson acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were bought at an average price of $23.40 per share, with a total value of $23,400.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of The Gabelli Dividend & Income Trust (NYSE GDV) opened at $23.82 on Friday. The Gabelli Dividend & Income Trust has a twelve month low of $20.03 and a twelve month high of $23.87.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.32 dividend on an annualized basis and a yield of 5.54%.

A number of institutional investors and hedge funds have recently made changes to their positions in GDV. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in The Gabelli Dividend & Income Trust by 1.5% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 546,046 shares of the financial services provider’s stock valued at $12,226,000 after purchasing an additional 8,095 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in The Gabelli Dividend & Income Trust by 21.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 432,330 shares of the financial services provider’s stock valued at $9,680,000 after purchasing an additional 75,101 shares during the period. Shaker Financial Services LLC increased its position in The Gabelli Dividend & Income Trust by 90.4% during the 3rd quarter. Shaker Financial Services LLC now owns 400,222 shares of the financial services provider’s stock valued at $8,961,000 after purchasing an additional 190,026 shares during the period. First Allied Advisory Services Inc. increased its position in The Gabelli Dividend & Income Trust by 2.9% during the 2nd quarter. First Allied Advisory Services Inc. now owns 169,409 shares of the financial services provider’s stock valued at $3,704,000 after purchasing an additional 4,768 shares during the period. Finally, First Trust Advisors LP increased its position in The Gabelli Dividend & Income Trust by 11.9% during the 3rd quarter. First Trust Advisors LP now owns 139,206 shares of the financial services provider’s stock valued at $3,117,000 after purchasing an additional 14,767 shares during the period.

WARNING: “The Gabelli Dividend & Income Trust (GDV) Director Susan Virginia Watson Buys 1,000 Shares of Stock” was reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/the-gabelli-dividend-income-trust-gdv-director-susan-virginia-watson-buys-1000-shares-of-stock/1797319.html.

About The Gabelli Dividend & Income Trust

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.

Receive News & Ratings for The Gabelli Dividend & Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Dividend & Income Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.