The Online Investor
OLI Premium
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
ChartZero

Gabelli Convertible and Income Securities Fund's Series B 6.00% Cumulative Preferred Stock Ex-Dividend Reminder

By The Online Investor Staff, Friday, March 15, 1:35 PM ET

On 3/18/19, Gabelli Convertible and Income Securities Fund's Series B 6.00% Cumulative Preferred Stock (NYSE:GCV.PRB) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 3/26/19. As a percentage of GCV.PRB's recent share price of $26.32, this dividend works out to approximately 1.42%, so look for shares of GCV.PRB to trade 1.42% lower all else being equal when GCV.PRB shares open for trading on 3/18/19. On an annualized basis, the current yield is approximately 5.67%, which compares to an average yield of 5.44% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel.

As of last close, GCV.PRB was trading at a 5.76% premium to its liquidation preference amount, versus the average premium of 1.15% in the "ETFs & CEFs" category. The chart below shows the one year performance of GCV.PRB shares, versus GCV:

Performance Comparison Chart

Below is a dividend history chart for GCV.PRB, showing historical dividends prior to the most recent $0.375 on Gabelli Convertible and Income Securities Fund's Series B 6.00% Cumulative Preferred Stock:


Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.

In Friday trading, Gabelli Convertible and Income Securities Fund's Series B 6.00% Cumulative Preferred Stock (NYSE:GCV.PRB) is currently down about 0.4% on the day, while the common shares (NYSE:GCV) are up about 0.5%.

Find the right mix of model portfolios today at PortfolioChannel.com


This Article's Word Cloud:   Arial   Below   CEFs   Channel   Convertible   Cumulative   Days   Dividend   Dollars   ETFs   Friday   Fund   Gabelli   Going   Income   Join   NYSE   Offer   Preferred   Securities   Series   Seven   Special   Start   Stock   Stocks   ValueForum   about   according   afterLeftLabels   amount   annualized   approximately   average   axisColor   background   basis   beforeLeftLabels   category   chart   dividend   escape   fillColor   premium   recent   shares   trade   trading   versus   yield

Gabelli Convertible and Income Securities Fund's Series B 6.00% Cumulative Preferred Stock Ex-Dividend Reminder | www.TheOnlineInvestor.com | Copyright © 1998 - 2019, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.