Mario J. Gabelli, a director and control person of Gabelli Dividend & Income Trust (NYSE:GDV), recently acquired 2,000 common shares of the company. The shares were purchased at a price of $24.90 each, amounting to a total transaction value of $49,800. Following this transaction, Gabelli indirectly holds a total of 10,000 shares through GGCP, Inc., and directly owns 143,312 shares. Additionally, he holds 626,000 shares indirectly through Associated Capital Group (NYSE:AC), Inc. Gabelli, who is also the Chief Executive Officer of GGCP, Inc., and the Executive Chair of Associated Capital Group, Inc., disclaims beneficial ownership of the shares held by these entities beyond his indirect pecuniary interest.
InvestingPro Insights
Mario J. Gabelli's recent purchase of Gabelli Dividend & Income Trust (NYSE:GDV) shares aligns with several positive indicators highlighted by InvestingPro. The trust's stock is currently trading near its 52-week high, with a robust 36.82% price total return over the past year. This performance suggests strong investor confidence and market momentum.
GDV's commitment to shareholder returns is evident in its impressive 21-year streak of maintaining dividend payments. With a current dividend yield of 5.31%, the trust offers an attractive income proposition for investors. This consistent dividend history, coupled with a relatively low P/E ratio of 8.44, may indicate that the stock is reasonably valued despite its recent price appreciation.
The trust's financial health appears solid, with InvestingPro Data showing that liquid assets exceed short-term obligations. This financial stability is further underscored by the trust's profitability over the last twelve months, with a gross profit of $55.24 million and a 100% gross profit margin.
InvestingPro Tips also note that GDV generally trades with low price volatility, which could be appealing to investors seeking stability in their portfolio. However, it's worth noting that the valuation implies a poor free cash flow yield, which may be a consideration for value-oriented investors.
For those interested in a deeper dive into GDV's financial metrics and performance, InvestingPro offers 6 additional tips that could provide valuable insights for investment decision-making.
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