James Conn Buys 1,000 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV) Stock

The Gabelli Dividend & Income Trust (NYSE:GDV) Director James Conn bought 1,000 shares of The Gabelli Dividend & Income Trust stock in a transaction on Tuesday, January 27th. The shares were purchased at an average price of $28.73 per share, for a total transaction of $28,730.00. Following the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $28,730. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

The Gabelli Dividend & Income Trust Stock Performance

GDV opened at $28.51 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $20.10 and a 52 week high of $29.00. The business has a 50 day moving average of $27.76 and a 200-day moving average of $27.14.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, March 17th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in shares of The Gabelli Dividend & Income Trust by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 685,066 shares of the financial services provider’s stock worth $18,586,000 after purchasing an additional 52,201 shares during the last quarter. Farther Finance Advisors LLC grew its position in The Gabelli Dividend & Income Trust by 38.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,831 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 505 shares during the last quarter. Allworth Financial LP increased its stake in The Gabelli Dividend & Income Trust by 66.5% during the 2nd quarter. Allworth Financial LP now owns 17,085 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 6,822 shares in the last quarter. Creative Planning raised its holdings in The Gabelli Dividend & Income Trust by 88.3% in the second quarter. Creative Planning now owns 36,740 shares of the financial services provider’s stock worth $956,000 after buying an additional 17,229 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in The Gabelli Dividend & Income Trust by 17.8% in the second quarter. Rockefeller Capital Management L.P. now owns 236,958 shares of the financial services provider’s stock worth $6,163,000 after buying an additional 35,727 shares during the last quarter.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.