The Gabelli Healthcare & Wellness Trust to Issue Quarterly Dividend of $0.15 (NYSE:GRX)

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.15 per share by the investment management company on Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date is Friday, December 13th.

The Gabelli Healthcare & Wellness Trust has increased its dividend payment by an average of 1.1% annually over the last three years.

The Gabelli Healthcare & Wellness Trust Stock Down 2.0 %

Shares of The Gabelli Healthcare & Wellness Trust stock traded down $0.21 on Friday, reaching $10.10. 28,865 shares of the company traded hands, compared to its average volume of 32,086. The company has a 50 day moving average of $10.78 and a 200 day moving average of $10.27. The Gabelli Healthcare & Wellness Trust has a 52 week low of $8.43 and a 52 week high of $11.24.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. acquired 6,453 shares of the company’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $10.88 per share, with a total value of $70,208.64. Following the completion of the acquisition, the insider now directly owns 1,834,358 shares in the company, valued at $19,957,815.04. This trade represents a 0.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 41,256 shares of company stock valued at $443,076.

About The Gabelli Healthcare & Wellness Trust

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.