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.
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.
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.
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