Mario Gabelli Purchases 5,500 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) insider Mario Gabelli bought 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was purchased at an average price of $28.72 per share, for a total transaction of $157,960.00. Following the acquisition, the insider directly owned 20,500 shares in the company, valued at approximately $588,760. This trade represents a 36.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

The Gabelli Dividend & Income Trust Price Performance

The Gabelli Dividend & Income Trust stock opened at $28.51 on Friday. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.10 and a fifty-two week high of $29.00. The firm has a fifty day moving average price of $27.76 and a two-hundred day moving average price of $27.14.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 17th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, March 17th. This represents a c) annualized dividend and a yield of 6.3%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in The Gabelli Dividend & Income Trust by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 685,066 shares of the financial services provider’s stock worth $18,586,000 after acquiring an additional 52,201 shares during the period. Farther Finance Advisors LLC boosted its holdings in The Gabelli Dividend & Income Trust by 38.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,831 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 505 shares during the period. Allworth Financial LP grew its position in The Gabelli Dividend & Income Trust by 66.5% in the 2nd quarter. Allworth Financial LP now owns 17,085 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 6,822 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of The Gabelli Dividend & Income Trust by 17.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 236,958 shares of the financial services provider’s stock worth $6,163,000 after purchasing an additional 35,727 shares during the period. Finally, Creative Planning increased its holdings in shares of The Gabelli Dividend & Income Trust by 88.3% during the 2nd quarter. Creative Planning now owns 36,740 shares of the financial services provider’s stock worth $956,000 after purchasing an additional 17,229 shares during the period.

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.