The Gabelli Dividend & Income Trust (GDV) to Distribute Monthly Dividend of $0.15 on October 23rd

The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Wednesday, August 12th. Investors of record on Friday, October 16th will be given a dividend of $0.15 per share by the financial services provider on Friday, October 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, October 16th.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV opened at $28.50 on Wednesday. The firm’s 50-day moving average is $29.57 and its two-hundred day moving average is $29.22. The Gabelli Dividend & Income Trust has a twelve month low of $26.14 and a twelve month high of $31.00.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company. Its primary objective is to provide a high level of current income while also pursuing long-term capital appreciation. The trust invests primarily in dividend-paying common stocks and may also hold preferred stocks, convertible securities and other income-producing investments.

Gabelli Funds, LLC serves as the trust’s investment adviser. The portfolio is managed using Gabelli’s fundamental, research-driven approach, which focuses on identifying companies that the adviser believes are selling below their estimates of intrinsic value.