The Gabelli Dividend & Income Trust (NYSE:GDV) to Issue $0.15 Monthly Dividend

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Wednesday, May 13th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.15 per share by the financial services provider on Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, August 17th.

The Gabelli Dividend & Income Trust Stock Up 0.3%

GDV opened at $29.23 on Thursday. The firm’s 50-day simple moving average is $28.15 and its 200-day simple moving average is $27.97. The Gabelli Dividend & Income Trust has a twelve month low of $24.12 and a twelve month high of $29.58.

Insider Buying and Selling

In other news, insider Mario J. Gabelli purchased 4,500 shares of The Gabelli Dividend & Income Trust stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $29.09 per share, for a total transaction of $130,905.00. Following the completion of the transaction, the insider directly owned 25,000 shares in the company, valued at approximately $727,250. This represents a 21.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GDV. Evolve Private Wealth LLC acquired a new position in shares of The Gabelli Dividend & Income Trust in the 4th quarter worth approximately $2,978,000. &PARTNERS increased its holdings in The Gabelli Dividend & Income Trust by 126.5% during the 4th quarter. &PARTNERS now owns 130,667 shares of the financial services provider’s stock valued at $3,629,000 after purchasing an additional 72,980 shares in the last quarter. Fifth Third Bancorp increased its holdings in The Gabelli Dividend & Income Trust by 6,456.0% during the 1st quarter. Fifth Third Bancorp now owns 65,560 shares of the financial services provider’s stock valued at $1,766,000 after purchasing an additional 64,560 shares in the last quarter. Advisors Asset Management Inc. raised its position in The Gabelli Dividend & Income Trust by 12.1% in the 4th quarter. Advisors Asset Management Inc. now owns 565,491 shares of the financial services provider’s stock valued at $15,704,000 after purchasing an additional 61,113 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in The Gabelli Dividend & Income Trust by 8.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 742,797 shares of the financial services provider’s stock worth $20,004,000 after purchasing an additional 55,550 shares in the last quarter.

About The Gabelli Dividend & Income Trust

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.