The Gabelli Global Small and Mid Cap Value Trust (GGZ) To Go Ex-Dividend on March 17th

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) declared a quarterly dividend on Thursday, February 13th, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.16 per share on Monday, March 24th. This represents a $0.64 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Monday, March 17th.

The Gabelli Global Small and Mid Cap Value Trust has decreased its dividend payment by an average of 11.9% per year over the last three years.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of NYSE GGZ opened at $12.22 on Friday. The business’s 50 day moving average price is $12.22 and its two-hundred day moving average price is $12.31. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $11.02 and a twelve month high of $13.35.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli bought 7,700 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were bought at an average price of $11.67 per share, with a total value of $89,859.00. Following the completion of the transaction, the insider now owns 39,286 shares of the company’s stock, valued at $458,467.62. This trade represents a 24.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

About The Gabelli Global Small and Mid Cap Value Trust

The Gabelli Global Small and Mid Cap Value 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 across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors.