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

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a dividend on Monday, April 15th, investing.com reports. Investors of record on Tuesday, April 16th will be paid a dividend of 0.11 per share by the financial services provider on Tuesday, April 23rd. This represents a dividend yield of 6.01%. The ex-dividend date is Monday, April 15th.

The Gabelli Dividend & Income Trust Price Performance

Shares of The Gabelli Dividend & Income Trust stock opened at $21.48 on Tuesday. The firm has a 50 day simple moving average of $22.35 and a 200 day simple moving average of $21.03. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $23.00.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley boosted its stake in The Gabelli Dividend & Income Trust by 1.1% in the third quarter. Morgan Stanley now owns 6,463,152 shares of the financial services provider’s stock valued at $125,644,000 after acquiring an additional 71,538 shares during the last quarter. Royal Bank of Canada boosted its stake in The Gabelli Dividend & Income Trust by 0.4% in the first quarter. Royal Bank of Canada now owns 663,868 shares of the financial services provider’s stock valued at $16,358,000 after acquiring an additional 2,879 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in The Gabelli Dividend & Income Trust by 9.7% in the first quarter. Advisors Asset Management Inc. now owns 421,424 shares of the financial services provider’s stock valued at $10,384,000 after acquiring an additional 37,250 shares during the last quarter. Stifel Financial Corp boosted its stake in The Gabelli Dividend & Income Trust by 5.3% in the second quarter. Stifel Financial Corp now owns 275,380 shares of the financial services provider’s stock valued at $5,819,000 after acquiring an additional 13,955 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in The Gabelli Dividend & Income Trust by 1.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 254,482 shares of the financial services provider’s stock valued at $5,291,000 after acquiring an additional 3,459 shares during the last quarter.

About The Gabelli Dividend & Income Trust

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.