The Gabelli Dividend & Income Trust (NYSE:GDV) Plans $0.15 Monthly Dividend

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Wednesday, February 11th. Investors of record on Thursday, April 16th will be given a dividend of 0.15 per share by the financial services provider on Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Thursday, April 16th.

The Gabelli Dividend & Income Trust Trading Up 0.1%

Shares of NYSE:GDV opened at $29.26 on Thursday. The stock has a fifty day simple moving average of $28.08 and a two-hundred day simple moving average of $27.30. The Gabelli Dividend & Income Trust has a 12-month low of $20.10 and a 12-month high of $29.46.

Insider Activity

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

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Focus Partners Wealth lifted its position in The Gabelli Dividend & Income Trust by 38.0% in 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 in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of The Gabelli Dividend & Income Trust in the 1st quarter worth $55,000. CWM LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 11.8% in 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 lifted its holdings 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 in the last quarter. Finally, Wolverine Asset Management LLC boosted its position 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 buying an additional 12,586 shares during the last quarter.

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.