The Gabelli Dividend & Income Trust (NYSE:GDV) to Issue Monthly Dividend of $0.11

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Wednesday, February 14th will be paid a dividend of 0.11 per share by the financial services provider on Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Tuesday, February 13th.

The Gabelli Dividend & Income Trust Stock Up 1.2 %

GDV traded up $0.24 during trading on Monday, reaching $19.95. The stock had a trading volume of 142,526 shares, compared to its average volume of 151,505. The business has a 50-day moving average of $19.35 and a 200-day moving average of $20.34. The Gabelli Dividend & Income Trust has a one year low of $18.04 and a one year high of $22.39.

Institutional Trading of The Gabelli Dividend & Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Logan Stone Capital LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the fourth quarter worth about $2,925,000. Morgan Stanley lifted its position in The Gabelli Dividend & Income Trust by 1.1% in the third quarter. Morgan Stanley now owns 6,463,152 shares of the financial services provider’s stock valued at $125,644,000 after purchasing an additional 71,538 shares during the last quarter. WealthPLAN Partners LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the fourth quarter valued at approximately $1,265,000. Boothbay Fund Management LLC bought a new position in shares of The Gabelli Dividend & Income Trust in the second quarter worth approximately $825,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 9.7% in the first quarter. Advisors Asset Management Inc. now owns 421,424 shares of the financial services provider’s stock worth $10,384,000 after purchasing an additional 37,250 shares during the last quarter.

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.