Gamco Investors Inc (NYSE:GBL) Plans Quarterly Dividend of $0.02

Gamco Investors Inc (NYSE:GBL) declared a quarterly dividend on Tuesday, February 6th, Zacks reports. Shareholders of record on Tuesday, March 13th will be paid a dividend of 0.02 per share by the closed-end fund on Tuesday, March 27th. This represents a $0.08 annualized dividend and a yield of 0.33%. 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 annually for the last 6 consecutive years.

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Gamco Investors stock traded down $0.51 on Monday, hitting $24.32. 34,082 shares of the stock traded hands, compared to its average volume of 27,509. The company has a current ratio of 0.54, a quick ratio of 0.34 and a debt-to-equity ratio of -0.41. The firm has a market capitalization of $723.82, a P/E ratio of 8.77 and a beta of 1.08. Gamco Investors has a 1 year low of $24.11 and a 1 year high of $32.60.

Gamco Investors (NYSE:GBL) last announced its quarterly earnings data on Tuesday, February 6th. The closed-end fund reported $0.78 EPS for the quarter. The business had revenue of $98.67 million during the quarter. Gamco Investors had a negative return on equity of 72.20% and a net margin of 21.58%.

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

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About Gamco Investors

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.

Dividend History for Gamco Investors (NYSE:GBL)

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