The Gabelli Dividend & Income Trust (NYSE:GDV) to Issue Dividend of $0.14

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a dividend on Thursday, February 13th, NASDAQ Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.14 per share by the financial services provider on Wednesday, April 23rd. The ex-dividend date is Tuesday, April 15th.

The Gabelli Dividend & Income Trust has decreased its dividend payment by an average of 6.0% per year over the last three years.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE:GDV opened at $22.60 on Friday. The business has a fifty day moving average price of $24.07 and a 200-day moving average price of $24.46. The Gabelli Dividend & Income Trust has a 1-year low of $20.10 and a 1-year high of $25.67.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli bought 2,300 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the acquisition, the insider now owns 145,812 shares of the company’s stock, valued at $3,620,511.96. This trade represents a 1.60 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.