The Gabelli Dividend & Income Trust Announces Monthly Dividend of $0.11 (NYSE:GDV)

The Gabelli Dividend & Income Trust (NYSE:GDVGet Free Report) announced a monthly dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Wednesday, February 14th will be given a dividend of 0.11 per share by the financial services provider on Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date is Tuesday, February 13th.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock opened at $22.00 on Monday. The Gabelli Dividend & Income Trust has a 1 year low of $18.04 and a 1 year high of $22.22. The firm has a 50 day moving average price of $21.33 and a 200 day moving average price of $20.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GDV. Dakota Wealth Management raised its holdings in The Gabelli Dividend & Income Trust by 3.1% in the first quarter. Dakota Wealth Management now owns 16,820 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 500 shares in the last quarter. First Republic Investment Management Inc. increased its stake in The Gabelli Dividend & Income Trust by 3.1% during the first quarter. First Republic Investment Management Inc. now owns 19,732 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 598 shares during the last quarter. Prospera Financial Services Inc increased its stake in The Gabelli Dividend & Income Trust by 1.9% during the first quarter. Prospera Financial Services Inc now owns 36,938 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 674 shares during the last quarter. HighTower Advisors LLC increased its stake in The Gabelli Dividend & Income Trust by 2.6% during the first quarter. HighTower Advisors LLC now owns 34,549 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 867 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in The Gabelli Dividend & Income Trust by 9.5% during the second quarter. Kestra Advisory Services LLC now owns 10,698 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 928 shares during the last quarter.

About The Gabelli Dividend & Income Trust

(Get Free Report)

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.

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Dividend History for The Gabelli Dividend & Income Trust (NYSE:GDV)

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