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

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.15 per share by the investment management company on Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Healthcare & Wellness Trust has raised its dividend by an average of 1.1% annually over the last three years.

The Gabelli Healthcare & Wellness Trust Stock Performance

Shares of GRX traded down $0.21 during midday trading on Friday, reaching $10.10. The stock had a trading volume of 28,865 shares, compared to its average volume of 32,085. The Gabelli Healthcare & Wellness Trust has a one year low of $8.43 and a one year high of $11.24. The firm has a 50 day simple moving average of $10.78 and a 200-day simple moving average of $10.27.

Insider Buying and Selling at The Gabelli Healthcare & Wellness Trust

In other The Gabelli Healthcare & Wellness Trust news, major shareholder Saba Capital Management, L.P. acquired 6,453 shares of The Gabelli Healthcare & Wellness Trust stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $10.88 per share, for a total transaction of $70,208.64. Following the completion of the acquisition, the insider now directly owns 1,834,358 shares of the company’s stock, valued at $19,957,815.04. This represents a 0.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have purchased 41,256 shares of company stock worth $443,076.

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.