Key Details
Price
$10.48Last Dividend
$0.30Annual ROE
0.23%Beta
0.53Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
N/ARecent annual earnings:
N/ANext ex-dividend date:
Dec 13, 2024Recent ex-dividend date:
Sept 16, 2024Next split:
N/ARecent split:
May 30, 2014Analyst ratings
Recent major analysts updates
Screeners with GRX included
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Similar stocks
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on December 20, 2024 to common shareholders of record on December 13, 2024.
Gabelli Healthcare & Wellness Trust (GRX) is a closed-end fund with a significant discount and historically has underperformed its peers. GRX's discount could potentially be realized as Saba Capital Management has grown its stake in the fund this year. Typically, a distribution increase is the main go-to tool, but tender offers or mergers are also an option.
RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on September 23, 2024 to common shareholders of record on September 16, 2024.
The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust announced a cash distribution of $0.15 per share for common shareholders of record on June 13, 2024, payable on June 21, 2024.
The Gabelli Healthcare & WellnessRx Trust is an underperforming equity closed-end fund (CEF) focused on healthcare stocks. GRX has a -19% discount to net asset value, but has traded at very substantial discounts for the past five years. The fund employs a 27% leverage ratio, which has hampered its performance in 2023.
The Gabelli Healthcare & Wellness Rx Trust seeks to provide capital gains and income from a portfolio of healthcare and wellness-focused stocks. The fund pays an attractive 6.1% distribution yield that is well funded by its long-term 5-7% total returns. However, compared to peer funds, the GRX fund has much higher expenses, lower total returns, and higher portfolio volatility. I would personally seek healthcare exposure elsewhere.
FAQ
- What is the primary business of Gabelli Healthcare & Wellness Trust?
- What is the ticker symbol for Gabelli Healthcare & Wellness Trust?
- Does Gabelli Healthcare & Wellness Trust pay dividends?
- What sector is Gabelli Healthcare & Wellness Trust in?
- What industry is Gabelli Healthcare & Wellness Trust in?
- What country is Gabelli Healthcare & Wellness Trust based in?
- When did Gabelli Healthcare & Wellness Trust go public?
- Is Gabelli Healthcare & Wellness Trust in the S&P 500?
- Is Gabelli Healthcare & Wellness Trust in the NASDAQ 100?
- Is Gabelli Healthcare & Wellness Trust in the Dow Jones?
- When does Gabelli Healthcare & Wellness Trust report earnings?