The Gabelli Dividend & Income Trust (NYSE:GDV – Get 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
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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