Gabelli Convertbl and Incm Scrts Fnd Inc (NYSE:GCV) declared a quarterly dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Friday, December 8th will be given a dividend of 0.12 per share by the investment management company on Friday, December 15th. This represents a $0.48 annualized dividend and a yield of 8.25%. The ex-dividend date is Thursday, December 7th.
Gabelli Convertbl and Incm Scrts Fnd has decreased its dividend by an average of 5.1% annually over the last three years.
Gabelli Convertbl and Incm Scrts Fnd (GCV) opened at $5.82 on Wednesday. Gabelli Convertbl and Incm Scrts Fnd has a 1 year low of $4.57 and a 1 year high of $6.47.
The Gabelli Convertible and Income Securities Fund Inc (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities.
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