The Gabelli Dividend & Income Trust (NYSE:GDV) announced a monthly dividend on Monday, August 28th, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.11 per share by the financial services provider on Friday, December 15th. This represents a $1.32 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend is Thursday, December 7th.
The Gabelli Dividend & Income Trust has increased its dividend by an average of 8.6% annually over the last three years.
Shares of The Gabelli Dividend & Income Trust (GDV) opened at $22.71 on Friday. The Gabelli Dividend & Income Trust has a 52-week low of $19.92 and a 52-week high of $22.86.
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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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