Gabelli Convertible & Income Securities Fund Inc. (GCV) to Issue Quarterly Dividend of $0.12 on June 23rd

Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Monday, June 15th will be given a dividend of 0.12 per share by the investment management company on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Monday, June 15th.

Gabelli Convertible & Income Securities Fund Stock Performance

Gabelli Convertible & Income Securities Fund stock opened at $4.57 on Friday. Gabelli Convertible & Income Securities Fund has a fifty-two week low of $3.58 and a fifty-two week high of $4.62. The firm’s 50-day simple moving average is $4.42 and its 200 day simple moving average is $4.34.

Gabelli Convertible & Income Securities Fund Company Profile

Gabelli Convertible & Income Securities Fund (NYSE: GCV) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in convertible securities and other fixed-income instruments. The fund’s portfolio typically includes convertible corporate bonds, preferred stocks, and equities of companies that offer the potential for both income generation and price appreciation through embedded option features.

The fund pursues a strategy that combines credit analysis with equity valuation to identify convertible securities that offer attractive yields relative to their risk profiles.