The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) declared a monthly dividend on Wednesday, November 12th. Investors of record on Thursday, February 12th will be paid a dividend of 0.15 per share by the financial services provider on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Thursday, February 12th.
The Gabelli Dividend & Income Trust Stock Performance
NYSE GDV traded down $0.04 during trading hours on Thursday, reaching $27.29. The company’s stock had a trading volume of 18,478 shares, compared to its average volume of 135,461. The company’s 50-day moving average is $27.06 and its two-hundred day moving average is $26.12. The Gabelli Dividend & Income Trust has a 1-year low of $20.10 and a 1-year high of $27.58.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of GDV. WPG Advisers LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the first quarter worth approximately $27,000. Vermillion Wealth Management Inc. purchased a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter valued at $29,000. Eastern Bank acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 1st quarter worth $35,000. Pinnacle Bancorp Inc. purchased a new position in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth $37,000. Finally, US Bancorp DE purchased a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter valued at about $43,000.
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.
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