The Gabelli Dividend & Income Trust (NYSE:GDV) Stock to Pay Monthly Dividend of $0.15

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Wednesday, November 11th. Shareholders of record on Thursday, February 11th will be given a dividend of $0.15 per share by the financial services provider on Friday, February 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, February 11th.

The Gabelli Dividend & Income Trust Price Performance

Shares of NYSE GDV opened at $29.30 on Thursday. The firm has a fifty day moving average price of $28.81 and a 200-day moving average price of $28.98. The Gabelli Dividend & Income Trust has a 1 year low of $26.14 and a 1 year high of $31.00.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

A number of institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. bought a new position in shares of The Gabelli Dividend & Income Trust in the third quarter worth about $15,120,000. Private Advisor Group LLC raised its stake in The Gabelli Dividend & Income Trust by 1,256.3% during the 3rd quarter. Private Advisor Group LLC now owns 203,615 shares of the financial services provider’s stock valued at $5,760,000 after purchasing an additional 188,603 shares during the period. Harbour Wealth Management Group Inc. lifted its holdings in The Gabelli Dividend & Income Trust by 3.5% in the 3rd quarter. Harbour Wealth Management Group Inc. now owns 15,077 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 504 shares in the last quarter. Quantedge Capital Pte Ltd lifted its holdings in The Gabelli Dividend & Income Trust by 76.3% in the 3rd quarter. Quantedge Capital Pte Ltd now owns 27,041 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 11,700 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in The Gabelli Dividend & Income Trust by 66.7% in the 3rd quarter. HighTower Advisors LLC now owns 51,723 shares of the financial services provider’s stock worth $1,463,000 after purchasing an additional 20,692 shares in the last quarter.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE:GDV) is a diversified closed-end management investment company designed to provide investors with income and long-term capital appreciation. The Trust invests primarily in dividend-paying and income-producing securities, including common stocks, preferred stocks, convertible securities and other equity or debt investments. GDV seeks opportunities across a range of industries and geographic markets, with an emphasis on companies that the adviser believes offer attractive dividend income, solid business fundamentals and the potential for capital appreciation.