Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) reached a new 52-week low during trading on Thursday . The company traded as low as $19.85 and last traded at $20.13, with a volume of 235141 shares traded. The stock had previously closed at $20.86.
The firm also recently announced a monthly dividend, which will be paid on Thursday, February 21st. Investors of record on Wednesday, February 13th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.61%.
In related news, Director James P. Conn sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $20.80, for a total value of $104,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
COPYRIGHT VIOLATION NOTICE: “The Gabelli Dividend & Income Trust (GDV) Hits New 1-Year Low at $19.85” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2018/12/08/the-gabelli-dividend-income-trust-gdv-hits-new-1-year-low-at-19-85.html.
About The Gabelli Dividend & Income Trust (NYSE:GDV)
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.
Further Reading: How to calculate the annual rate of depreciation
Receive News & Ratings for The Gabelli Dividend & Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Dividend & Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.