The Gabelli Dividend & Income Trust (NYSE:GDV) to Issue Monthly Dividend of $0.15

The Gabelli Dividend & Income Trust (NYSE:GDVGet Free Report) announced a monthly dividend on Wednesday, November 12th. Investors of record on Thursday, January 15th will be paid a dividend of 0.15 per share by the financial services provider on Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Thursday, January 15th. This is a 7.1% increase from The Gabelli Dividend & Income Trust’s previous monthly dividend of $0.14.

The Gabelli Dividend & Income Trust Stock Down 0.2%

The Gabelli Dividend & Income Trust stock traded down $0.04 during trading hours on Thursday, reaching $27.29. 18,478 shares of the stock were exchanged, compared to its average volume of 135,461. The Gabelli Dividend & Income Trust has a 52-week low of $20.10 and a 52-week high of $27.58. The firm’s 50 day moving average is $27.06 and its 200 day moving average is $26.12.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several hedge funds have recently added to or reduced their stakes in the business. WPG Advisers LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the first quarter valued at $27,000. Vermillion Wealth Management Inc. acquired a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter worth $29,000. Eastern Bank purchased a new stake in shares of The Gabelli Dividend & Income Trust in the first quarter valued at $35,000. Pinnacle Bancorp Inc. acquired a new position in The Gabelli Dividend & Income Trust in the second quarter valued at $37,000. Finally, US Bancorp DE purchased a new position in The Gabelli Dividend & Income Trust during the third quarter worth about $43,000.

The Gabelli Dividend & Income Trust Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for The Gabelli Dividend & Income Trust (NYSE:GDV)

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