Insider Selling: Mario Gabelli Unloads 36,000 Shares of The Gabelli Dividend & Income Trust Stock (GDV)
The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Mario Gabelli sold 36,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.19, for a total value of $726,840.00. Following the completion of the sale, the insider now directly owns 131,535 shares in the company. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) traded down 0.54% during mid-day trading on Friday, hitting $20.18. 134,302 shares of the company’s stock traded hands. The Gabelli Dividend & Income Trust has a one year low of $14.68 and a one year high of $20.58. The stock has a 50-day moving average of $19.84 and a 200-day moving average of $19.45. The company has a market cap of $1.671 billion and a P/E ratio of 8.82.
The company also recently announced a monthly dividend, which is scheduled for Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Tuesday, November 12th.
The Gabelli Dividend & Income Trust (NYSE:GDV) is a non-diversified closed-end management investment company.
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