The Gabelli Dividend & Income Trust Declares Monthly Dividend of $0.11 (GDV)
The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Monday, November 20th, Wall Street Journal reports. Shareholders of record on Thursday, March 15th will be given a dividend of 0.11 per share by the financial services provider on Thursday, March 22nd. This represents a $1.32 annualized dividend and a yield of 6.01%. The ex-dividend date is Wednesday, March 14th.
The Gabelli Dividend & Income Trust has raised its dividend payment by an average of 8.6% annually over the last three years.
The Gabelli Dividend & Income Trust (NYSE GDV) traded up $0.09 on Monday, reaching $21.95. 126,300 shares of the company’s stock traded hands, compared to its average volume of 161,578. The Gabelli Dividend & Income Trust has a 12 month low of $19.35 and a 12 month high of $22.86.
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About The Gabelli Dividend & Income Trust
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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