Susan Virginia Watson Purchases 1,000 Shares of The Gabelli Dividend & Income Trust (GDV) Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director Susan Virginia Watson acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was acquired at an average price of $23.40 per share, for a total transaction of $23,400.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

The Gabelli Dividend & Income Trust (GDV) traded up $0.07 during trading hours on Friday, hitting $23.82. 137,949 shares of the stock were exchanged, compared to its average volume of 161,175. The Gabelli Dividend & Income Trust has a 1 year low of $20.03 and a 1 year high of $23.87.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 15th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.54%.

Large investors have recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the second quarter worth $248,000. IHT Wealth Management LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 3.4% in the second quarter. IHT Wealth Management LLC now owns 5,529 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 183 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter worth $254,000. Advisory Services Network LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 0.7% in the second quarter. Advisory Services Network LLC now owns 14,154 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 94 shares during the period. Finally, Sigma Planning Corp increased its stake in shares of The Gabelli Dividend & Income Trust by 48.3% in the third quarter. Sigma Planning Corp now owns 14,872 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 4,843 shares during the period.

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About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities, such as common and preferred stock or other income producing securities, such as fixed income debt securities and securities that are convertible into equity securities.

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