The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) declared a monthly dividend on Wednesday, August 12th. Shareholders of record on Friday, December 11th will be paid a dividend of 0.15 per share by the financial services provider on Friday, December 18th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, December 11th.
The Gabelli Dividend & Income Trust Stock Performance
Shares of GDV stock opened at $30.71 on Thursday. The Gabelli Dividend & Income Trust has a one year low of $26.14 and a one year high of $30.77. The firm’s 50 day moving average price is $29.53 and its 200-day moving average price is $28.88.
Hedge Funds Weigh In On The Gabelli Dividend & Income Trust
Institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new position in The Gabelli Dividend & Income Trust in the third quarter worth approximately $30,000. Assetmark Inc. raised its holdings in shares of The Gabelli Dividend & Income Trust by 142.3% in the 1st quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 777 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth $38,000. Allied Private Wealth LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the second quarter worth $40,000. Finally, US Bancorp DE purchased a new position in The Gabelli Dividend & Income Trust in the third quarter valued at $43,000.
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.
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