The Gabelli Dividend & Income Trust (NYSE:GDV) Director Elizabeth Bogan Purchases 400 Shares

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Elizabeth Bogan purchased 400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was bought at an average price of $28.73 per share, for a total transaction of $11,492.00. Following the purchase, the director owned 400 shares in the company, valued at $11,492. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

The Gabelli Dividend & Income Trust Price Performance

The Gabelli Dividend & Income Trust stock opened at $28.64 on Thursday. The company’s 50-day moving average price is $27.71 and its two-hundred day moving average price is $27.13. The Gabelli Dividend & Income Trust has a twelve month low of $20.10 and a twelve month high of $29.00.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a yield of 6.3%.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in 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 worth $16,461,000 after acquiring an additional 174,392 shares during the period. Prospera Financial Services Inc increased its holdings in shares of The Gabelli Dividend & Income Trust by 211.7% during the second quarter. Prospera Financial Services Inc now owns 66,347 shares of the financial services provider’s stock worth $1,726,000 after purchasing an additional 45,063 shares during the period. Shaker Financial Services LLC raised its position in shares of The Gabelli Dividend & Income Trust by 113.4% in the fourth quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after buying an additional 39,211 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of The Gabelli Dividend & Income Trust by 17.8% in the second quarter. Rockefeller Capital Management L.P. now owns 236,958 shares of the financial services provider’s stock valued at $6,163,000 after buying an additional 35,727 shares during the period. Finally, Raymond James Financial Inc. grew its position in The Gabelli Dividend & Income Trust by 2.3% during the second quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after buying an additional 31,024 shares in the last quarter.

The Gabelli Dividend & Income Trust Company Profile

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.