The Gabelli Dividend & Income Trust (GDV) Hits New 1-Year Low at $19.85

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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Matthew Goff Investment Advisor LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $203,000. NINE MASTS CAPITAL Ltd bought a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $244,000. Private Advisor Group LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter valued at approximately $255,000. CIBC World Markets Inc. acquired a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter valued at approximately $256,000. Finally, Wedbush Securities Inc. raised its holdings in shares of The Gabelli Dividend & Income Trust by 30.5% during the third quarter. Wedbush Securities Inc. now owns 11,933 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 2,791 shares during the period.

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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.

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