The Gabelli Dividend & Income Trust (NYSE:GDV – Get Rating) insider Mario J. Gabelli sold 5,218 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $20.26, for a total value of $105,716.68. Following the transaction, the insider now owns 630,000 shares of the company’s stock, valued at approximately $12,763,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:GDV opened at $19.60 on Friday. The Gabelli Dividend & Income Trust has a 12 month low of $19.53 and a 12 month high of $27.61. The company has a 50-day moving average price of $22.36 and a 200 day moving average price of $24.25.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 16th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Thursday, September 15th.
About The Gabelli Dividend & Income Trust (Get Rating)
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.
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