The Gabelli Dividend & Income Trust (NYSE:GDV) Declares Monthly Dividend of $0.15

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Wednesday, August 12th. Stockholders of record on Friday, October 16th will be paid a dividend of 0.15 per share by the financial services provider on Friday, October 23rd. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, October 16th.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE GDV opened at $30.71 on Thursday. The Gabelli Dividend & Income Trust has a fifty-two week low of $26.14 and a fifty-two week high of $30.77. The business has a 50-day moving average of $29.53 and a 200-day moving average of $28.88.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GDV. Raymond James Financial Inc. boosted its holdings in shares of The Gabelli Dividend & Income Trust by 2.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock valued at $35,351,000 after buying an additional 31,024 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in The Gabelli Dividend & Income Trust by 8.1% during 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 buying an additional 55,550 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in The Gabelli Dividend & Income Trust by 12.1% during the fourth quarter. Advisors Asset Management Inc. now owns 565,491 shares of the financial services provider’s stock worth $15,704,000 after buying an additional 61,113 shares during the last quarter. LPL Financial LLC raised its position in The Gabelli Dividend & Income Trust by 6.7% during the fourth quarter. LPL Financial LLC now owns 554,561 shares of the financial services provider’s stock worth $15,400,000 after acquiring an additional 35,064 shares in the last quarter. Finally, Stifel Financial Corp raised its position in The Gabelli Dividend & Income Trust by 1.4% during the fourth quarter. Stifel Financial Corp now owns 261,813 shares of the financial services provider’s stock worth $7,271,000 after acquiring an additional 3,529 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.