Gabelli Dividend & Income Trust of Beneficial Interest (NYSE:GDV) traded at a new 52-week high today of $25.25. So far today approximately 58,000 shares have been exchanged, as compared to an average 30-day volume of 168,000 shares.
Gabelli Dividend & Income Trust of Beneficial Interest share prices have moved between a 52-week high of $25.25 and a 52-week low of $15.50 and are now trading 62% above that low price at $25.12 per share.
There is potential upside of 0.3% for shares of Gabelli Dividend & Income Trust of Beneficial Interest based on a current price of $25.12 and an average consensus analyst price target of $25.20.
The funds investment objective is to provide a high level of total return on its assets with an emphasis on dividends and income. Under normal market conditions, the Fund will invest at least 80% of the value of its total assets in dividend paying or income producing equity or debt securities. Under normal market conditions, at least 50% of the Funds assets will consist of dividend paying equity securities. The Fund may invest up to 35% of its total assets in securities on non-US issuers and up to 25% of its total assets in securities of issuers in a single industry. There is no minimum credit rating for debt securities in which the Fund may invest, although the Fund will not invest more than 10% of total assets in fixed income non-convertible securities.
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