Key Points
- Director Elizabeth Bogan purchased 400 shares of The Gabelli Dividend & Income Trust on Jan. 27 at an average price of $28.73, a $11,492 transaction disclosed in an SEC filing.
- The trust declared a monthly dividend of $0.15 per share, payable Mar. 24 to holders of record on Mar. 17, which implies a 6.3% annualized yield.
- GDV opened at $28.64 and is trading near its 52‑week high ($29.00) versus a 52‑week low of $20.10, with 50‑day and 200‑day moving averages of $27.71 and $27.13.
The Gabelli Dividend & Income Trust (NYSE:GDV - Get Free Report) Director Elizabeth Bogan bought 400 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Tuesday, January 27th. The shares were bought at an average cost of $28.73 per share, for a total transaction of $11,492.00. Following the completion of the acquisition, the director owned 400 shares in the company, valued at $11,492. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
The Gabelli Dividend & Income Trust Stock Down 0.3%
GDV stock opened at $28.64 on Thursday. The Gabelli Dividend & Income Trust has a 52 week low of $20.10 and a 52 week high of $29.00. The business has a 50-day simple moving average of $27.71 and a 200 day simple moving average of $27.13.
The Gabelli Dividend & Income Trust Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 17th.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Community Bank N.A. bought a new stake in The Gabelli Dividend & Income Trust during the third quarter worth $27,000. Larson Financial Group LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth $30,000. CIBC Private Wealth Group LLC acquired a new stake in The Gabelli Dividend & Income Trust in the third quarter valued at about $38,000. US Bancorp DE acquired a new position in The Gabelli Dividend & Income Trust during the third quarter worth about $43,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 38.1% in the second quarter. Farther Finance Advisors LLC now owns 1,831 shares of the financial services provider's stock worth $48,000 after acquiring an additional 505 shares during the last quarter.
The Gabelli Dividend & Income Trust Company Profile
(
Get Free Report)
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.
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