The Gabelli Dividend & Income Trust (NYSE:GDV) Announces $0.11 Monthly Dividend

The Gabelli Dividend & Income Trust (NYSE:GDV) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Investors 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 yield of 6.62%. The ex-dividend date is Tuesday, February 13th.

The Gabelli Dividend & Income Trust Stock Up 1.2 %

Shares of GDV traded up $0.24 during midday trading on Monday, reaching $19.95. The company had a trading volume of 142,526 shares, compared to its average volume of 151,505. The Gabelli Dividend & Income Trust has a 1-year low of $18.04 and a 1-year high of $22.39. The firm has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $20.34.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley increased its position in shares of The Gabelli Dividend & Income Trust by 1.1% during the 3rd quarter. Morgan Stanley now owns 6,463,152 shares of the financial services provider’s stock worth $125,644,000 after purchasing an additional 71,538 shares during the last quarter. Royal Bank of Canada raised its stake in shares of The Gabelli Dividend & Income Trust by 0.4% in the 1st quarter. Royal Bank of Canada now owns 663,868 shares of the financial services provider’s stock valued at $16,358,000 after acquiring an additional 2,879 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of The Gabelli Dividend & Income Trust by 9.7% in the 1st quarter. Advisors Asset Management Inc. now owns 421,424 shares of the financial services provider’s stock worth $10,384,000 after acquiring an additional 37,250 shares during the last quarter. Stifel Financial Corp boosted its position in shares of The Gabelli Dividend & Income Trust by 5.3% during the 2nd quarter. Stifel Financial Corp now owns 275,380 shares of the financial services provider’s stock worth $5,819,000 after purchasing an additional 13,955 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in The Gabelli Dividend & Income Trust by 1.4% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 254,482 shares of the financial services provider’s stock valued at $5,291,000 after purchasing an additional 3,459 shares during the last quarter.

The Gabelli Dividend & Income Trust Company Profile

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.