The Gamco Investors Inc (GBL) to Issue Quarterly Dividend of $0.02

The Gamco Investors Inc (GBL) to Issue Quarterly Dividend of $0.02

Gamco Investors Inc (NYSE:GBL) declared a quarterly dividend on Tuesday, February 6th, Zacks reports. Stockholders of record on Tuesday, March 13th will be given a dividend of 0.02 per share by the closed-end fund on Tuesday, March 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Monday, March 12th.

Gamco Investors has decreased its dividend payment by an average of 31.6% per year over the last three years and has raised its dividend every year for the last 6 years.

Gamco Investors (NYSE GBL) opened at $26.73 on Wednesday. The company has a debt-to-equity ratio of -1.95, a current ratio of 1.67 and a quick ratio of 0.90. Gamco Investors has a 52-week low of $25.33 and a 52-week high of $32.60. The stock has a market cap of $772.21, a PE ratio of 10.34 and a beta of 1.03.

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Separately, ValuEngine downgraded shares of Gamco Investors from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd.

In other news, insider Der Eb Henry Van sold 882 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $29.13, for a total value of $25,692.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 80.02% of the company’s stock.

Gamco Investors Company Profile

GAMCO Investors, Inc is a holding company. The Company is a provider of investment advisory services to open and closed-end funds, institutional and private wealth management investors principally in the United States. The Company operates through the investment advisory and asset management business segment.

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