The Gabelli Dividend & Income Trust (GDV) To Go Ex-Dividend on June 15th

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Wednesday, February 11th. Investors of record on Monday, June 15th will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Monday, June 15th.

The Gabelli Dividend & Income Trust Stock Down 0.6%

NYSE GDV opened at $29.03 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $20.10 and a 52 week high of $29.46. The company has a fifty day moving average of $28.11 and a two-hundred day moving average of $27.31.

Insider Transactions at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli purchased 3,600,000 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $36,000,000.00. Following the acquisition, the insider owned 3,600,000 shares of the company’s stock, valued at approximately $36,000,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Conn acquired 1,000 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Tuesday, January 27th. The stock was purchased at an average cost of $28.73 per share, for a total transaction of $28,730.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at $28,730. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 5,831,084 shares of company stock valued at $58,535,605.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of GDV. Focus Partners Wealth boosted its holdings in The Gabelli Dividend & Income Trust by 38.0% during the 1st quarter. Focus Partners Wealth now owns 33,834 shares of the financial services provider’s stock valued at $816,000 after acquiring an additional 9,310 shares during the period. Geneos Wealth Management Inc. purchased a new stake in The Gabelli Dividend & Income Trust in the first quarter worth $55,000. CWM LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 11.8% during the second quarter. CWM LLC now owns 5,899 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 624 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 38.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 632,865 shares of the financial services provider’s stock valued at $16,461,000 after purchasing an additional 174,392 shares during the period. Finally, Wolverine Asset Management LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 67.5% during the second quarter. Wolverine Asset Management LLC now owns 31,236 shares of the financial services provider’s stock valued at $812,000 after purchasing an additional 12,586 shares during the period.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.