Salvatore Zizza Acquires 500 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Salvatore Zizza purchased 500 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Monday, January 12th. The stock was bought at an average price of $28.57 per share, for a total transaction of $14,285.00. Following the completion of the transaction, the director directly owned 1,586 shares in the company, valued at $45,312.02. The trade was a 46.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

The Gabelli Dividend & Income Trust Stock Up 0.4%

Shares of The Gabelli Dividend & Income Trust stock opened at $29.56 on Friday. The business has a fifty day simple moving average of $29.10 and a 200 day simple moving average of $28.49. The Gabelli Dividend & Income Trust has a 12 month low of $25.75 and a 12 month high of $29.69.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

Institutional Trading of The Gabelli Dividend & Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Indivisible Partners bought a new position in The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $491,000. PMG Family Office LLC bought a new stake in The Gabelli Dividend & Income Trust in the third quarter valued at approximately $511,000. Evolve Private Wealth LLC bought a new stake in The Gabelli Dividend & Income Trust in the fourth quarter valued at approximately $2,978,000. Shaker Financial Services LLC raised its holdings in The Gabelli Dividend & Income Trust by 113.4% in the fourth quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock worth $2,049,000 after purchasing an additional 39,211 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in The Gabelli Dividend & Income Trust by 38.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock worth $2,834,000 after purchasing an additional 28,278 shares during the period.

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.