Insider Selling: Mario J. Gabelli Sells 2,500 Shares of The Gabelli Dividend & Income Trust Stock (GDV)
The Gabelli Dividend & Income Trust (NYSE:GDV) Insider Mario J. Gabelli sold 2,500 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $23.02, for a total value of $57,550.00. Following the completion of the sale, the insider now directly owns 131,637 shares in the company, valued at approximately $3,030,284. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
The Gabelli Dividend & Income Trust (NYSE:GDV) remained flat at $21.71 during trading on Tuesday. 459,794 shares of the company’s stock traded hands. The Gabelli Dividend & Income Trust has a 1-year low of $18.30 and a 1-year high of $23.07. The stock has a 50-day moving average of $22.54 and a 200-day moving average of $21.87.
The company also recently declared a monthly dividend, which is scheduled for Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Friday, September 12th.
The Gabelli Dividend & Income Trust (NYSE:GDV) is a non-diversified closed-end management investment company.
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