The Gabelli Dividend & Income Trust (NYSE:GDV) Director Salvatore Zizza Purchases 500 Shares of Stock

The Gabelli Dividend & Income Trust (NYSE:GDVGet Free Report) Director Salvatore Zizza purchased 500 shares of the company’s stock in a transaction on Monday, January 12th. The stock was bought at an average cost of $28.57 per share, for a total transaction of $14,285.00. Following the acquisition, the director directly owned 1,586 shares of the company’s stock, valued at $45,312.02. This represents a 46.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

The Gabelli Dividend & Income Trust Price Performance

GDV opened at $29.47 on Thursday. The business has a fifty day simple moving average of $29.10 and a 200-day simple moving average of $28.47. The Gabelli Dividend & Income Trust has a fifty-two week low of $25.75 and a fifty-two week high of $29.58.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

A number of institutional investors have recently bought and sold shares of GDV. PMG Family Office LLC acquired a new position in shares of The Gabelli Dividend & Income Trust in the third quarter worth about $511,000. Indivisible Partners acquired a new stake in shares of The Gabelli Dividend & Income Trust during the fourth quarter valued at approximately $491,000. Evolve Private Wealth LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter valued at approximately $2,978,000. Shaker Financial Services LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 113.4% in the 4th quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after acquiring an additional 39,211 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in The Gabelli Dividend & Income Trust by 38.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock worth $2,834,000 after purchasing an additional 28,278 shares during the period.

The Gabelli Dividend & Income Trust Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

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