The Gabelli Dividend & Income Trust (NYSE:GDV) Director Purchases $14,285.00 in Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Salvatore Zizza acquired 500 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were bought at an average cost of $28.57 per share, for a total transaction of $14,285.00. Following the acquisition, the director owned 1,586 shares in the company, valued at approximately $45,312.02. The trade was a 46.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

The Gabelli Dividend & Income Trust Trading Up 0.3%

Shares of NYSE GDV traded up $0.08 during trading on Wednesday, reaching $29.48. The company had a trading volume of 66,706 shares, compared to its average volume of 122,689. The Gabelli Dividend & Income Trust has a 52 week low of $25.75 and a 52 week high of $29.58. The business’s 50 day moving average price is $29.09 and its 200-day moving average price is $28.45.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, September 16th.

Hedge Funds Weigh In On The Gabelli Dividend & Income Trust

Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. increased its position in The Gabelli Dividend & Income Trust by 2.3% in the second quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after purchasing an additional 31,024 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 8.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 742,797 shares of the financial services provider’s stock valued at $20,004,000 after purchasing an additional 55,550 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of The Gabelli Dividend & Income Trust by 12.1% in the 4th quarter. Advisors Asset Management Inc. now owns 565,491 shares of the financial services provider’s stock valued at $15,704,000 after purchasing an additional 61,113 shares during the last quarter. LPL Financial LLC grew its position in shares of The Gabelli Dividend & Income Trust by 6.7% during the 4th quarter. LPL Financial LLC now owns 554,561 shares of the financial services provider’s stock worth $15,400,000 after buying an additional 35,064 shares during the period. Finally, Stifel Financial Corp grew its position in shares of The Gabelli Dividend & Income Trust by 1.4% during the 4th quarter. Stifel Financial Corp now owns 261,813 shares of the financial services provider’s stock worth $7,271,000 after buying an additional 3,529 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.