Gabelli Convertible & Income Securities Fund Inc. (GCV) to Distribute Quarterly Dividend of $0.12 on December 18th

Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.12 per share by the investment management company on Friday, December 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Friday, December 11th.

Gabelli Convertible & Income Securities Fund Stock Down 1.2%

Shares of Gabelli Convertible & Income Securities Fund stock opened at $3.81 on Friday. The company has a 50 day moving average of $4.13 and a 200-day moving average of $4.43. Gabelli Convertible & Income Securities Fund has a 1-year low of $3.50 and a 1-year high of $4.80.

Gabelli Convertible & Income Securities Fund Company Profile

Gabelli Convertible & Income Securities Fund (NYSE: GCV) is a closed-end investment company managed by Gabelli Funds, LLC. The fund seeks to provide a high level of current income while also pursuing capital appreciation by investing primarily in convertible securities and other income-producing investments. The fund’s portfolio may include convertible bonds, convertible preferred stocks, corporate debt securities, preferred securities and other fixed-income investments. Convertible securities generally provide regular income while offering the potential to participate in the equity performance of the issuing company.