The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Mario Gabelli Purchases 5,000 Shares

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario Gabelli acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $26.49 per share, for a total transaction of $132,450.00. Following the purchase, the insider owned 15,000 shares of the company’s stock, valued at $397,350. This represents a 50.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The Gabelli Dividend & Income Trust Stock Performance

Shares of The Gabelli Dividend & Income Trust stock traded up $0.29 during trading on Friday, hitting $26.47. 36,685 shares of the stock traded hands, compared to its average volume of 134,944. The stock’s fifty day simple moving average is $27.02 and its 200 day simple moving average is $26.23. The Gabelli Dividend & Income Trust has a 52-week low of $20.10 and a 52-week high of $27.58.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 6.8%.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Large investors have recently bought and sold shares of the business. WPG Advisers LLC bought a new position in shares of The Gabelli Dividend & Income Trust in the 1st quarter worth $27,000. Community Bank N.A. purchased a new position in The Gabelli Dividend & Income Trust in the third quarter valued at about $27,000. Vermillion Wealth Management Inc. bought a new position in The Gabelli Dividend & Income Trust in the second quarter worth about $29,000. Larson Financial Group LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter valued at about $30,000. Finally, Eastern Bank bought a new stake in shares of The Gabelli Dividend & Income Trust in the 1st quarter valued at about $35,000.

The Gabelli Dividend & Income Trust Company Profile

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.