GAMCO Investors, Inc. (NYSE:GAMI - Get Free Report)'s share price dropped 1.4% during mid-day trading on Friday . The company traded as low as $24.75 and last traded at $24.99. Approximately 583 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 14,047 shares. The stock had previously closed at $25.35.
GAMCO Investors Trading Down 2.0 %
The stock has a market capitalization of $593.39 million, a price-to-earnings ratio of 9.28 and a beta of 0.96. The firm's fifty day moving average price is $24.34 and its 200 day moving average price is $24.68.
GAMCO Investors Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.31%. This is a boost from GAMCO Investors's previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, March 11th. GAMCO Investors's dividend payout ratio is 12.12%.
About GAMCO Investors
(
Get Free Report)
GAMCO Investors, Inc is a publicly owned holding investment manager. The firm also provides wealth management, investment advisory, institutional research, brokerage, dealer, underwriting, and distribution services to its clients. It provides its services to individuals including high net worth individuals, corporate pension and profit-sharing plans, foundations, endowments, jointly trust plans, municipalities, and investment companies.
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