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


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On 3/18/19, Gabelli Convertible and Income Securities Fund's Series B 6.00% Cumulative Preferred Stock (Symbol: 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 . 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:

GCV.PRB+Dividend+History+Chart

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

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen ยป

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Investing Ideas
Referenced Symbols: GCV.PRB , GCV




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