Michael Melarkey Acquires 1,000 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Michael Melarkey purchased 1,000 shares of the stock in a transaction on Friday, January 23rd. The shares were acquired at an average cost of $28.52 per share, for a total transaction of $28,520.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $28,520. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

The Gabelli Dividend & Income Trust Stock Performance

NYSE:GDV opened at $29.56 on Friday. The Gabelli Dividend & Income Trust has a 12-month low of $25.75 and a 12-month high of $29.69. The stock’s 50 day moving average price is $29.11 and its two-hundred day moving average price is $28.49.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Community Bank N.A. acquired a new position in shares of The Gabelli Dividend & Income Trust in the third quarter valued at $27,000. Larson Financial Group LLC bought a new position in shares of The Gabelli Dividend & Income Trust in the third quarter valued at about $30,000. Assetmark Inc. lifted its stake in shares of The Gabelli Dividend & Income Trust by 142.3% during the 1st quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock worth $36,000 after buying an additional 777 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth about $38,000. Finally, US Bancorp DE bought a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth about $43,000.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.