The Gabelli Convertible and Income Securities Fund Inc. (GCV) to Issue Quarterly Dividend of $0.12 on June 23rd

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Rating) announced a quarterly dividend on Wednesday, May 24th, Wall Street Journal reports. Investors of record on Thursday, June 15th will be given a dividend of 0.12 per share by the investment management company on Friday, June 23rd. This represents a $0.48 annualized dividend and a dividend yield of 11.29%. The ex-dividend date is Wednesday, June 14th.

The Gabelli Convertible and Income Securities Fund Stock Down 0.9 %

NYSE GCV opened at $4.25 on Friday. The stock has a 50-day moving average of $4.40 and a two-hundred day moving average of $4.83. The Gabelli Convertible and Income Securities Fund has a 1-year low of $4.20 and a 1-year high of $6.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GCV. Gamco Investors INC. ET AL boosted its position in The Gabelli Convertible and Income Securities Fund by 2.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,151,858 shares of the investment management company’s stock valued at $5,529,000 after buying an additional 31,858 shares during the period. Morgan Stanley grew its stake in The Gabelli Convertible and Income Securities Fund by 0.7% during the 4th quarter. Morgan Stanley now owns 900,730 shares of the investment management company’s stock worth $4,324,000 after purchasing an additional 6,484 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in The Gabelli Convertible and Income Securities Fund by 197.1% during the 1st quarter. Advisors Asset Management Inc. now owns 464,414 shares of the investment management company’s stock worth $2,842,000 after purchasing an additional 308,105 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in The Gabelli Convertible and Income Securities Fund in the 1st quarter valued at about $215,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of The Gabelli Convertible and Income Securities Fund by 43.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 39,800 shares of the investment management company’s stock valued at $197,000 after buying an additional 12,136 shares during the period.

About The Gabelli Convertible and Income Securities Fund

(Get Rating)

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.