Gabelli Dividend & Income Trust of Beneficial Interest (NYSE:GDV) traded today at a new 52-week high of $27.61. Approximately 61,000 shares have changed hands today, as compared to an average 30-day volume of 126,000 shares.
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.
Potential upside of 78.6% exists for Gabelli Dividend & Income Trust of Beneficial Interest, based on a current level of $27.47 and analysts’ average consensus price target of $49.06.
Gabelli Dividend & Income Trust of Beneficial Interest share prices have moved between a 52-week high of $27.61 and a 52-week low of $18.75 and are now trading 47% above that low price at $27.47 per share.
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