Gabelli Convertible & Income Securities Fund Inc. (GCV) to Distribute Quarterly Dividend of $0.12 on September 23rd

Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.12 per share by the investment management company on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Wednesday, September 16th.

Gabelli Convertible & Income Securities Fund Price Performance

Shares of GCV stock opened at $4.56 on Monday. The company’s 50 day moving average is $4.61 and its 200 day moving average is $4.54. Gabelli Convertible & Income Securities Fund has a 52-week low of $3.98 and a 52-week high of $4.80.

Institutional Trading of Gabelli Convertible & Income Securities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its stake in Gabelli Convertible & Income Securities Fund by 4.1% in the fourth quarter. Cetera Investment Advisers now owns 56,831 shares of the investment management company’s stock valued at $236,000 after acquiring an additional 2,252 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Gabelli Convertible & Income Securities Fund by 8.5% in the second quarter. Benjamin Edwards Inc. now owns 37,039 shares of the investment management company’s stock worth $173,000 after purchasing an additional 2,907 shares during the last quarter. Mallini Complete Financial Planning LLC increased its position in shares of Gabelli Convertible & Income Securities Fund by 7.2% during the second quarter. Mallini Complete Financial Planning LLC now owns 59,679 shares of the investment management company’s stock worth $279,000 after purchasing an additional 3,996 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Gabelli Convertible & Income Securities Fund by 44.6% during the third quarter. Citadel Advisors LLC now owns 30,828 shares of the investment management company’s stock worth $127,000 after purchasing an additional 9,506 shares in the last quarter. Finally, Integrity Advisory Solutions LLC purchased a new stake in shares of Gabelli Convertible & Income Securities Fund during the 4th quarter valued at $48,000. Institutional investors own 23.40% of the company’s stock.

About Gabelli Convertible & Income Securities Fund

Gabelli Convertible & Income Securities Fund (NYSE: GCV) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in convertible securities and other fixed-income instruments. The fund’s portfolio typically includes convertible corporate bonds, preferred stocks, and equities of companies that offer the potential for both income generation and price appreciation through embedded option features.

The fund pursues a strategy that combines credit analysis with equity valuation to identify convertible securities that offer attractive yields relative to their risk profiles.