The Gabelli Dividend & Income Trust (NYSE:GDV) Director Michael Melarkey Acquires 1,000 Shares of Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Michael Melarkey acquired 1,000 shares of the stock in a transaction on Friday, January 23rd. The stock was bought at an average price of $28.52 per share, with a total value of $28,520.00. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $28,520. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

The Gabelli Dividend & Income Trust Stock Up 0.1%

Shares of The Gabelli Dividend & Income Trust stock traded up $0.04 on Thursday, hitting $29.49. The stock had a trading volume of 40,895 shares, compared to its average volume of 122,099. The Gabelli Dividend & Income Trust has a one year low of $25.75 and a one year high of $29.69. The stock’s 50-day simple moving average is $29.10 and its two-hundred day simple moving average is $28.47.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Indivisible Partners bought a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter worth approximately $491,000. PMG Family Office LLC purchased a new stake in The Gabelli Dividend & Income Trust in the third quarter worth $511,000. Evolve Private Wealth LLC purchased a new stake in The Gabelli Dividend & Income Trust in the fourth quarter worth $2,978,000. Shaker Financial Services LLC increased its position in The Gabelli Dividend & Income Trust by 113.4% during the 4th quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after purchasing an additional 39,211 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in The Gabelli Dividend & Income Trust by 38.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock worth $2,834,000 after purchasing an additional 28,278 shares in the last quarter.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.