Gabelli Dividend director just sold 20,000 shares

Mario J Gabelli, a director of Gabelli Dividend, recently sold 20,000 shares of the company. The sales took place at $19.36 per share, on August 28, 2013. Gabelli still owns 1,128,274 shares of the company. Gabelli operates out of Rye, NY. Some additional info was provided as follows:

The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, controlling shareholder of GAMCO and Chief Investment Officer of Value Portfolios of Gabelli Funds, LLC (the Adviser). Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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