Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share
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The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) has declared a $0.12 per share cash distribution, payable on December 20, 2024, to shareholders of record on December 13, 2024. This brings the total 2024 distributions to $0.48 per share.
November 14, 2024 | 1:45 pm
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POSITIVE IMPACT
Gabelli Convertible and Income Securities Fund declared a $0.12 per share distribution, contributing to a total of $0.48 per share for 2024.
The announcement of a $0.12 per share distribution is positive news for shareholders, as it indicates a consistent return on investment. The total distribution for 2024 being $0.48 per share may attract income-focused investors, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100