The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Monday, November 19th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be given a dividend of 0.11 per share by the financial services provider on Friday, March 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend is Thursday, March 14th.
The Gabelli Dividend & Income Trust has raised its dividend payment by an average of 2.1% annually over the last three years.
NYSE GDV opened at $21.21 on Wednesday. The Gabelli Dividend & Income Trust has a 52-week low of $16.92 and a 52-week high of $24.30.
The Gabelli Dividend & Income Trust Company Profile
The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.
Further Reading: Capital Gains
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