The Gabelli Dividend & Income Trust (NYSE:GDV) Director James P. Conn sold 5,000 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $20.80, for a total value of $104,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of GDV opened at $21.74 on Thursday. The Gabelli Dividend & Income Trust has a 12 month low of $20.07 and a 12 month high of $24.97.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, December 7th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.32 annualized dividend and a yield of 6.07%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in The Gabelli Dividend & Income Trust by 0.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,097,804 shares of the financial services provider’s stock valued at $26,237,000 after purchasing an additional 8,081 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in The Gabelli Dividend & Income Trust by 7.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 588,119 shares of the financial services provider’s stock worth $13,268,000 after purchasing an additional 42,707 shares during the period. Raymond James & Associates raised its holdings in The Gabelli Dividend & Income Trust by 15.8% in the 2nd quarter. Raymond James & Associates now owns 382,922 shares of the financial services provider’s stock worth $8,639,000 after purchasing an additional 52,365 shares during the period. First Trust Advisors LP raised its holdings in The Gabelli Dividend & Income Trust by 2.0% in the 3rd quarter. First Trust Advisors LP now owns 169,106 shares of the financial services provider’s stock worth $4,042,000 after purchasing an additional 3,314 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in The Gabelli Dividend & Income Trust by 12.2% in the 1st quarter. Guggenheim Capital LLC now owns 154,424 shares of the financial services provider’s stock worth $3,413,000 after purchasing an additional 16,818 shares during the period.

COPYRIGHT VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/11/08/the-gabelli-dividend-income-trust-gdv-director-james-p-conn-sells-5000-shares.html.

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.

See Also: How can you know how many shares are floating?

Receive News & Ratings for The Gabelli Dividend & Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Dividend & Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.