The Gabelli Dividend & Income Trust (GDV) to Issue Monthly Dividend of $0.15 on May 21st

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Wednesday, February 11th. Shareholders of record on Thursday, May 14th will be given a dividend of 0.15 per share by the financial services provider on Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Thursday, May 14th.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock opened at $29.22 on Tuesday. The stock’s fifty day moving average price is $28.14 and its two-hundred day moving average price is $27.94. The Gabelli Dividend & Income Trust has a one year low of $24.12 and a one year high of $29.58.

Insider Buying and Selling

In related news, insider Mario J. Gabelli acquired 4,500 shares of the stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $29.09 per share, for a total transaction of $130,905.00. Following the purchase, the insider directly owned 25,000 shares in the company, valued at approximately $727,250. The trade was a 21.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Hedge funds have recently added to or reduced their stakes in the stock. Dakota Wealth Management boosted its holdings in shares of The Gabelli Dividend & Income Trust by 0.9% in the 4th quarter. Dakota Wealth Management now owns 37,970 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 352 shares in the last quarter. Gables Capital Management Inc. boosted its holdings in shares of The Gabelli Dividend & Income Trust by 3.0% in the 1st quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock valued at $463,000 after purchasing an additional 500 shares in the last quarter. MRA Advisory Group boosted its holdings in shares of The Gabelli Dividend & Income Trust by 6.5% in the 4th quarter. MRA Advisory Group now owns 10,074 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 615 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 58,662 shares of the financial services provider’s stock valued at $1,629,000 after purchasing an additional 633 shares in the last quarter. Finally, Compound Planning Inc. boosted its holdings in shares of The Gabelli Dividend & Income Trust by 4.8% in the 4th quarter. Compound Planning Inc. now owns 15,764 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 723 shares in the last quarter.

About The Gabelli Dividend & Income Trust

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.