The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Free Report) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.12 per share by the investment management company on Friday, December 20th. This represents a $0.48 annualized dividend and a yield of 12.60%. The ex-dividend date is Friday, December 13th.
The Gabelli Convertible and Income Securities Fund Price Performance
Shares of NYSE:GCV traded up $0.01 during trading on Friday, hitting $3.81. The company’s stock had a trading volume of 47,670 shares, compared to its average volume of 48,413. The company has a 50-day moving average of $3.80 and a 200-day moving average of $3.72. The Gabelli Convertible and Income Securities Fund has a 12 month low of $3.33 and a 12 month high of $4.34.
Insiders Place Their Bets
In other news, insider Mario J. Gabelli sold 8,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $4.00, for a total transaction of $32,000.00. Following the transaction, the insider now directly owns 1,092,000 shares in the company, valued at approximately $4,368,000. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 12,669 shares of company stock worth $49,549 in the last 90 days. 0.78% of the stock is currently owned by corporate insiders.
About The Gabelli Convertible and Income Securities Fund
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.
Further Reading
- Five stocks we like better than The Gabelli Convertible and Income Securities Fund
- Golden Cross Stocks: Pattern, Examples and Charts
- How Whitestone REIT is Transforming Sunbelt Retail Growth
- What is Put Option Volume?
- Top-Performing Non-Leveraged ETFs This Year
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
Receive News & Ratings for The Gabelli Convertible and Income Securities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Convertible and Income Securities Fund and related companies with MarketBeat.com's FREE daily email newsletter.
