The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Purchases $132,450.00 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario Gabelli purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average cost of $26.49 per share, for a total transaction of $132,450.00. Following the completion of the acquisition, the insider owned 15,000 shares in the company, valued at $397,350. This represents a 50.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

The Gabelli Dividend & Income Trust Stock Up 1.3%

Shares of GDV opened at $26.53 on Friday. The Gabelli Dividend & Income Trust has a 1 year low of $20.10 and a 1 year high of $27.58. The company has a 50 day simple moving average of $27.01 and a two-hundred day simple moving average of $26.26.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Tuesday, March 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WPG Advisers LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the first quarter worth about $27,000. Community Bank N.A. purchased a new position in The Gabelli Dividend & Income Trust during the 3rd quarter valued at approximately $27,000. Vermillion Wealth Management Inc. purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth approximately $29,000. Larson Financial Group LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth approximately $30,000. Finally, Eastern Bank bought a new position in shares of The Gabelli Dividend & Income Trust during the 1st quarter valued at approximately $35,000.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.