The Gabelli Dividend & Income Trust (NYSE:GDV) Shareholders to Collect $0.15 Monthly Dividend

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Wednesday, November 11th. Stockholders of record on Wednesday, March 17th will be paid a dividend of $0.15 per share by the financial services provider on Wednesday, March 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, March 17th.

The Gabelli Dividend & Income Trust Stock Up 0.9%

Shares of NYSE GDV opened at $29.30 on Thursday. The Gabelli Dividend & Income Trust has a 12 month low of $26.14 and a 12 month high of $31.00. The business has a fifty day simple moving average of $28.81 and a 200-day simple moving average of $28.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust in the third quarter worth about $15,120,000. Bank of America Corp DE acquired a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter valued at approximately $14,637,000. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter valued at approximately $7,710,000. Private Advisor Group LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 1,256.3% during the third quarter. Private Advisor Group LLC now owns 203,615 shares of the financial services provider’s stock valued at $5,760,000 after acquiring an additional 188,603 shares during the period. Finally, MSH Capital Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter valued at approximately $2,968,000.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE:GDV) is a diversified closed-end management investment company designed to provide investors with income and long-term capital appreciation. The Trust invests primarily in dividend-paying and income-producing securities, including common stocks, preferred stocks, convertible securities and other equity or debt investments. GDV seeks opportunities across a range of industries and geographic markets, with an emphasis on companies that the adviser believes offer attractive dividend income, solid business fundamentals and the potential for capital appreciation.