The Gabelli Dividend & Income Trust (GDV) Plans Monthly Dividend of $0.11
The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Tuesday, February 13th will be given a dividend of 0.11 per share by the financial services provider on Wednesday, February 21st. This represents a $1.32 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend is Monday, February 12th.
The Gabelli Dividend & Income Trust has increased its dividend payment by an average of 8.6% per year over the last three years.
The Gabelli Dividend & Income Trust (NYSE GDV) traded up $0.09 during trading hours on Monday, hitting $21.95. 126,300 shares of the stock traded hands, compared to its average volume of 161,578. The Gabelli Dividend & Income Trust has a one year low of $19.35 and a one year high of $22.86.
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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.
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