Key Points
- Mario Gabelli bought 4,500 shares of The Gabelli Dividend & Income Trust (NYSE:GDV) on Feb. 17 at an average price of $29.09, a $130,905 purchase that raised his stake to 25,000 shares (about $727,250), a 21.95% increase in his ownership.
- The trust declared a monthly dividend of $0.15 payable June 23 with record/ex-dividend date June 15, representing an annualized yield of approximately 6.2%.
The Gabelli Dividend & Income Trust (NYSE:GDV - Get Free Report) insider Mario Gabelli purchased 4,500 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was purchased at an average price of $29.09 per share, for a total transaction of $130,905.00. Following the completion of the acquisition, the insider owned 25,000 shares of the company's stock, valued at approximately $727,250. This represents a 21.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
The Gabelli Dividend & Income Trust Trading Up 0.0%
NYSE:GDV opened at $29.19 on Thursday. The stock has a 50-day simple moving average of $28.27 and a 200 day simple moving average of $27.40. The Gabelli Dividend & Income Trust has a 52-week low of $20.10 and a 52-week high of $29.46.
The Gabelli Dividend & Income Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.
Institutional Trading of The Gabelli Dividend & Income Trust
Large investors have recently added to or reduced their stakes in the company. Community Bank N.A. acquired a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth about $27,000. Larson Financial Group LLC acquired a new position in The Gabelli Dividend & Income Trust during the third quarter worth approximately $30,000. CIBC Private Wealth Group LLC bought a new stake in The Gabelli Dividend & Income Trust in the third quarter valued at approximately $38,000. Hilton Head Capital Partners LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the fourth quarter valued at approximately $44,000. Finally, US Bancorp DE bought a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth approximately $43,000.
About The Gabelli Dividend & Income Trust
(
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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