The Gabelli Dividend & Income Trust (NYSE:GDV) Director Purchases $14,285.00 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Salvatore Zizza purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were acquired at an average cost of $28.57 per share, for a total transaction of $14,285.00. Following the purchase, the director owned 1,586 shares of the company’s stock, valued at $45,312.02. This represents a 46.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Gabelli Dividend & Income Trust Price Performance

Shares of NYSE:GDV opened at $29.56 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $25.75 and a 52 week high of $29.69. The firm has a fifty day simple moving average of $29.11 and a two-hundred day simple moving average of $28.49.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Wednesday, September 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GDV. NewEdge Advisors LLC boosted its holdings in The Gabelli Dividend & Income Trust by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 32,158 shares of the financial services provider’s stock valued at $866,000 after acquiring an additional 751 shares during the period. Western Wealth Management LLC bought a new position in The Gabelli Dividend & Income Trust in the first quarter worth approximately $86,000. Kanen Wealth Management LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 37.4% in the 1st quarter. Kanen Wealth Management LLC now owns 26,800 shares of the financial services provider’s stock worth $722,000 after buying an additional 7,300 shares during the period. Matrix Private Capital Group LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the first quarter valued at about $211,000. Finally, Gamco Investors INC. ET AL raised its holdings in shares of The Gabelli Dividend & Income Trust by 126.7% in the first quarter. Gamco Investors INC. ET AL now owns 34,000 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 19,000 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.