The Gabelli Dividend & Income Trust (NYSE:GDV) Plans Dividend of $0.14

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a dividend on Thursday, November 14th,investing.com reports. Shareholders of record on Thursday, February 13th will be paid a dividend of 0.14 per share by the financial services provider on Friday, February 21st. This represents a yield of 6.95%. The ex-dividend date is Thursday, February 13th.

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

The Gabelli Dividend & Income Trust Price Performance

NYSE:GDV opened at $24.98 on Tuesday. The Gabelli Dividend & Income Trust has a 1 year low of $21.44 and a 1 year high of $25.67. The business has a fifty day moving average of $24.73 and a 200-day moving average of $24.33.

Insider Activity at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli purchased 2,300 shares of The Gabelli Dividend & Income Trust stock in a transaction dated 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 purchase, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. The trade was a 1.60 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

The Gabelli Dividend & Income Trust Company Profile

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.