Gabelli Convertbl and Incm Scrts Fnd Inc (NYSE:GCV) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.96 and traded as high as $6.13. Gabelli Convertbl and Incm Scrts Fnd shares last traded at $6.13, with a volume of 58,804 shares trading hands.
The business’s 50 day simple moving average is $5.96 and its two-hundred day simple moving average is $5.63.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, March 16th. This represents a $0.48 dividend on an annualized basis and a yield of 7.83%.
About Gabelli Convertbl and Incm Scrts Fnd (NYSE:GCV)
The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.
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