The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) announced a monthly dividend on Wednesday, February 19th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.14 per share by the financial services provider on Monday, June 23rd. This represents a $1.68 annualized dividend and a yield of 6.65%. The ex-dividend date is Friday, June 13th.
The Gabelli Dividend & Income Trust Stock Up 0.7%
Shares of GDV stock opened at $25.25 on Wednesday. The Gabelli Dividend & Income Trust has a 1-year low of $20.10 and a 1-year high of $25.67. The stock has a 50 day simple moving average of $23.70 and a 200-day simple moving average of $24.32.
Institutional Trading of The Gabelli Dividend & Income Trust
An institutional investor recently raised its position in The Gabelli Dividend & Income Trust stock. Focus Partners Wealth raised its position in The Gabelli Dividend & Income Trust (NYSE:GDV – Free Report) by 38.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,834 shares of the financial services provider’s stock after buying an additional 9,310 shares during the period. Focus Partners Wealth’s holdings in The Gabelli Dividend & Income Trust were worth $816,000 at the end of the most recent reporting period.
The Gabelli Dividend & Income Trust Company Profile
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.
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