The Gabelli Dividend & Income Trust (GDV) Announces $0.11 Monthly Dividend
The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Monday, August 28th, Wall Street Journal reports. Investors of record on Friday, December 8th will be paid a dividend of 0.11 per share by the financial services provider on Friday, December 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Thursday, December 7th.
The Gabelli Dividend & Income Trust has raised its dividend by an average of 8.6% per year over the last three years.
Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) traded down 0.56% during mid-day trading on Monday, hitting $21.42. The company had a trading volume of 159,704 shares. The firm has a 50-day moving average price of $21.96 and a 200 day moving average price of $21.44. The Gabelli Dividend & Income Trust has a 52-week low of $18.00 and a 52-week high of $22.47.
Separately, Stifel Nicolaus lowered shares of The Gabelli Dividend & Income Trust from a “buy” rating to a “hold” rating in a research report on Monday, June 26th.
The Gabelli Dividend & Income Trust Company Profile
The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities, such as common and preferred stock or other income producing securities, such as fixed income debt securities and securities that are convertible into equity securities.
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