The Gabelli Convertible and Income Securities Fund Inc. (GCV)
Financial Services · NYQ
Fundamentals
Valuation and ratings
The Gabelli Convertible and Income Securities Fund Inc. trades at USD4.60, which is 87% below the USD8.59 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 66 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 4.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
GCV dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.240 | 2 |
| 2025 | USD0.480 | 4 |
| 2024 | USD0.480 | 4 |
| 2023 | USD0.480 | 4 |
| 2022 | USD0.480 | 4 |
| 2021 | USD0.560 | 5 |
| 2020 | USD0.480 | 4 |
| 2019 | USD0.480 | 4 |
| 2018 | USD0.480 | 4 |
| 2017 | USD0.480 | 4 |
| 2016 | USD0.410 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About The Gabelli Convertible and Income Securities Fund Inc.
The Gabelli Convertible and Income Securities Fund Inc. is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in convertible securities and other debt and equity securities. The fund benchmarks the performance of its portfolio against the Standard & Poor's 500 Index, Barclays Government/Credit Bond Index, and Lipper Convertible Securities Fund Average. It was formerly known as Gabelli Convertible Securities Fund Inc. The Gabelli Convertible and Income Securities Fund Inc. was formed on December 19, 1988 and is domiciled in the United States.
GCV passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is The Gabelli Convertible and Income Securities Fund Inc. (GCV) undervalued?
Against our discounted cash flow estimate of USD8.59, GCV at USD4.60 is 87% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is GCV's P/E ratio?
GCV trades at 4.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does The Gabelli Convertible and Income Securities Fund Inc. (GCV) pay a dividend?
Yes. The Gabelli Convertible and Income Securities Fund Inc. yields 10.39% at the current share price. It has paid USD0.480 per share over the trailing twelve months. It has paid a dividend in each of the last 31 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.