SmarterDividends
GCV

The Gabelli Convertible and Income Securities Fund Inc.

GCV

Financial Services · Asset Management · Stock · quarterly payer

$3.97

Undervalued · +91% Add to Portfolio

Forward Yield

12.09%

Annual Dividend

$0.48

Payout Ratio

48%

5-Yr Growth

0.0%

Ex-Date

Sep 16, 2026

Frequency

Quarterly

Key facts about GCV's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, The Gabelli Convertible and Income Securities Fund Inc. (GCV) has a forward dividend yield of 12.09%, based on an annual dividend of $0.48 per share and a share price of $3.97.
  • As of Oct 18, 2026, GCV's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
  • GCV last cut its regular dividend in 2021.
  • GCV's most recent ex-dividend date was Sep 16, 2026, for a dividend of $0.12 per share.
  • As of Oct 18, 2026, GCV pays out 48% of its trailing 12-month earnings as dividends (its payout ratio).
  • GCV's dividend has been roughly flat over the past five years.
  • As of Oct 18, 2026, GCV's 12.09% yield is 12% above its five-year average yield of 10.82%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for GCV is $7.57 per share, 91% above the $3.97 share price, so GCV screens as undervalued.
  • The Gabelli Convertible and Income Securities Fund Inc. (GCV) pays its dividend quarterly, 4 times a year.
  • The Gabelli Convertible and Income Securities Fund Inc. (GCV) has raised its regular dividend 6 times and cut it 3 times across the 125 payments on record since 1995. Its most recent change was a 300.0% increase to $0.120 per share, going ex-dividend on Mar 16, 2022. The last cut went ex-dividend on Dec 29, 2021.
Cite this page

SmarterDividends, "GCV Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/GCV

Summary

As of Oct 18, 2026, The Gabelli Convertible and Income Securities Fund Inc. (GCV) yields 12.09% ($0.48 a year per share) and has a dividend safety grade of B (68/100).

Is GCV a good dividend stock?

Yes, with caveats

The Gabelli Convertible and Income Securities Fund Inc. (GCV) pays a quarterly dividend yielding 12.09% ($0.48/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (48%)

Risks

  • Cut its dividend in 2021
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
12.09%
Payout Ratio
48%
Annual Dividend
$0.48
5-Yr Avg Growth
0.0%
Ex-Dividend Date
Sep 16, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.80
Market Cap
$80.0M
P/E Ratio
3.9
5-Yr Total Return
-39%
52-Week Range
$3.95 – $4.80
Dividend Safety
B · 68/100
Ever Cut?
Yes (2021)

GCV dividend raises and cuts

The Gabelli Convertible and Income Securities Fund Inc. (GCV) has raised its regular dividend 6 times and cut it 3 times across the 125 payments on record since 1995. Its most recent change was a 300.0% increase to $0.120 per share, going ex-dividend on Mar 16, 2022. The last cut went ex-dividend on Dec 29, 2021.

Ex-dateChangeOld → newMove
Mar 16, 2022Raise$0.0300 → $0.120+300.0%
Dec 29, 2021Cut$0.170 → $0.0300−82.4%
Dec 9, 2021Raise$0.120 → $0.170+41.7%
Mar 15, 2011Raise$0.110 → $0.120+9.1%
Mar 15, 2010Raise$0.100 → $0.110+10.0%
Mar 13, 2009Cut$0.200 → $0.100−50.0%
Mar 13, 2002Cut$0.210 → $0.200−4.8%
Dec 12, 2001Raise$0.200 → $0.210+5.0%
Mar 13, 1998Raise$0.120 → $0.200+66.7%
Every GCV payment →Download every raise and cut (CSV)
GCV ex-dividend date & scheduleNext ex-date Sep 16, 2026 · full ex-dividend historyView →GCV dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is GCV a good dividend stock?

Yes, with caveats. The Gabelli Convertible and Income Securities Fund Inc. (GCV) pays a quarterly dividend yielding 12.09% ($0.48/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is GCV undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, GCV's fair value is about $7.57 versus a $3.97 share price — so it looks undervalued (+91% vs. fair value).

Is GCV's dividend safe?

GCV has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is GCV's fair value?

Our blended fair-value estimate for GCV is about $7.57 per share, roughly 91% above the current $3.97 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is GCV a buy, hold, or sell?

We don't issue formal ratings, but on the data GCV screens as "yes, with caveats" and undervalued. The Gabelli Convertible and Income Securities Fund Inc. (GCV) pays a quarterly dividend yielding 12.09% ($0.48/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will GCV cut its dividend?

GCV earns a dividend-safety grade of B (68/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does GCV pay a dividend?

Yes. The Gabelli Convertible and Income Securities Fund Inc. pays a quarterly dividend of about $0.48 per share annually, a forward yield of roughly 12.09%.

What is GCV's dividend yield?

As of Oct 18, 2026, GCV's forward dividend yield is 12.09%, based on a $0.48 annual dividend and a $3.97 share price.

What is GCV's dividend per share?

As of Oct 18, 2026, GCV pays $0.48 per share per year, distributed on a quarterly basis.

What is GCV's dividend payout ratio?

As of Oct 18, 2026, GCV's payout ratio is 48% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has GCV grown its dividend?

GCV does not currently have a long dividend-growth streak on record.

When is the next GCV ex-dividend date?

As of Oct 18, 2026, GCV's next ex-dividend date hasn't been announced. The most recent was Sep 16, 2026, for $0.12 per share.

Income Calculator

At $0.48 / yr per share

Per payment (quarterly)$12.00
Annual$48.00
Monthly avg$4.00

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