The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Friday, May 17th, Wall Street Journal reports. Investors of record on Wednesday, July 17th will be paid a dividend of 0.11 per share by the financial services provider on Wednesday, July 24th. This represents a $1.32 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend is Tuesday, July 16th.
The Gabelli Dividend & Income Trust has raised its dividend by an average of 2.1% annually over the last three years.
Shares of GDV opened at $22.17 on Friday. The Gabelli Dividend & Income Trust has a one year low of $16.92 and a one year high of $24.30. The business has a fifty day moving average price of $21.35.
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.
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