The Gabelli Dividend & Income Trust (GDV) to Issue Monthly Dividend of $0.11 on February 21st

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Thursday, February 13th will be given a dividend of 0.11 per share by the financial services provider on Friday, February 21st. This represents a $1.32 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date is Thursday, February 13th.

The Gabelli Dividend & Income Trust has raised its dividend by an average of 2.8% per year over the last three years.

The Gabelli Dividend & Income Trust Price Performance

GDV opened at $24.98 on Tuesday. The Gabelli Dividend & Income Trust has a 12-month low of $21.44 and a 12-month high of $25.67. The firm has a 50 day moving average of $24.73 and a two-hundred day moving average of $24.33.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,300 shares of The Gabelli Dividend & Income Trust stock in a transaction on Friday, January 17th. The stock was bought at an average cost of $24.83 per share, with a total value of $57,109.00. Following the transaction, the insider now owns 145,812 shares of the company’s stock, valued at $3,620,511.96. This represents a 1.60 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.