The Gabelli Dividend & Income Trust (NYSE:GDV) Director Michael Melarkey Buys 1,000 Shares

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Michael Melarkey acquired 1,000 shares of the stock in a transaction on Friday, January 23rd. The shares were purchased at an average price of $28.52 per share, for a total transaction of $28,520.00. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at approximately $28,520. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

The Gabelli Dividend & Income Trust Price Performance

NYSE:GDV opened at $29.56 on Friday. The Gabelli Dividend & Income Trust has a 1-year low of $25.75 and a 1-year high of $29.69. The business’s fifty day moving average price is $29.10 and its 200 day moving average price is $28.49.

The Gabelli Dividend & Income Trust Announces Dividend

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

Institutional Investors Weigh In On The Gabelli Dividend & Income Trust

Several large investors have recently made changes to their positions in GDV. Indivisible Partners acquired a new position in The Gabelli Dividend & Income Trust during the fourth quarter worth $491,000. PMG Family Office LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the third quarter worth approximately $511,000. Evolve Private Wealth LLC bought a new stake in The Gabelli Dividend & Income Trust in the 4th quarter valued at $2,978,000. Shaker Financial Services LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 113.4% in the fourth quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after buying an additional 39,211 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of The Gabelli Dividend & Income Trust by 38.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock worth $2,834,000 after acquiring an additional 28,278 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.