The Gabelli Dividend & Income Trust (NYSE:GDV) Plans Monthly Dividend of $0.14

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.14 per share by the financial services provider on Monday, June 23rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend is Friday, June 13th. This is a positive change from The Gabelli Dividend & Income Trust’s previous monthly dividend of $0.11.

The Gabelli Dividend & Income Trust has raised its dividend by an average of 3.6% per year over the last three years.

The Gabelli Dividend & Income Trust Trading Up 0.6 %

GDV opened at $25.24 on Wednesday. The business’s 50 day moving average price is $24.69 and its 200 day moving average price is $24.41. The Gabelli Dividend & Income Trust has a one year low of $21.44 and a one year high of $25.67.

Insider Activity

In related news, insider Mario J. Gabelli bought 2,300 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the acquisition, the insider now owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.