The Gabelli Healthcare & Wellness Trust Announces Quarterly Dividend of $0.15 (NYSE:GRX)

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) declared a quarterly dividend on Thursday, May 16th, Zacks reports. Shareholders of record on Thursday, June 13th will be given a dividend of 0.15 per share by the investment management company on Friday, June 21st. This represents a $0.60 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend is Thursday, June 13th.

The Gabelli Healthcare & Wellness Trust has increased its dividend by an average of 1.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of The Gabelli Healthcare & Wellness Trust stock opened at $9.85 on Friday. The Gabelli Healthcare & Wellness Trust has a 1 year low of $7.73 and a 1 year high of $10.30. The firm’s 50-day simple moving average is $9.74 and its 200-day simple moving average is $9.41.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other news, insider Mario J. Gabelli bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the transaction, the insider now owns 210,000 shares in the company, valued at $2,100,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare and Wellness Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund seeks to invest in stocks of companies primarily operating in the healthcare and wellness sector.