The Gabelli Dividend & Income Trust (NYSE:GDV – Get Free Report) announced a monthly dividend on Wednesday, November 11th. Investors of record on Thursday, January 14th will be given a dividend of $0.15 per share by the financial services provider on Friday, January 22nd. This represents a $1.80 annualized dividend and a yield of 6.1%. The ex-dividend date is Thursday, January 14th.
The Gabelli Dividend & Income Trust Stock Up 0.9%
Shares of The Gabelli Dividend & Income Trust stock opened at $29.30 on Thursday. The stock has a 50 day moving average price of $28.81 and a two-hundred day moving average price of $28.98. The Gabelli Dividend & Income Trust has a 12-month low of $26.14 and a 12-month high of $31.00.
Institutional Trading of The Gabelli Dividend & Income Trust
A number of institutional investors and hedge funds have recently modified their holdings of GDV. Advisors Asset Management Inc. bought a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth $15,120,000. Bank of America Corp DE bought a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth $14,637,000. Capstone Investment Advisors LLC bought a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth $7,710,000. Private Advisor Group LLC raised its holdings in The Gabelli Dividend & Income Trust by 1,256.3% in the 3rd quarter. Private Advisor Group LLC now owns 203,615 shares of the financial services provider’s stock worth $5,760,000 after acquiring an additional 188,603 shares during the period. Finally, MSH Capital Advisors LLC acquired a new position in The Gabelli Dividend & Income Trust during the 2nd quarter worth $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.
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