Welcome to our dedicated page for Gabelli Dividend & Income news (Ticker: GDV), a resource for investors and traders seeking the latest updates and insights on Gabelli Dividend & Income stock.
Gabelli Dividend & Income Trust (GDV) provides investors with research-driven income strategies through its portfolio of dividend-focused equities. This news hub offers comprehensive coverage of corporate developments, financial results, and strategic initiatives essential for understanding the trust's performance.
Access timely updates including earnings reports, dividend declarations, and portfolio management changes. Our curated collection features official press releases alongside third-party analysis, helping stakeholders track GDV's execution of its income-oriented investment philosophy.
Key focus areas include management commentary on market conditions, updates on dividend distribution policies, and insights into equity selection methodologies. Investors will find resources to monitor the trust's adherence to its core principles of capital preservation and income generation.
Bookmark this page for direct access to GDV's latest financial communications and expert perspectives on its position within the dividend trust landscape. Regular updates ensure you maintain current awareness of developments impacting this income-focused investment vehicle.
Gabelli Dividend & Income Trust (NYSE: GDV) has announced plans to spin off a new closed-end fund called Gabelli Preferred Securities Trust (GPS). The new fund will focus on preferred securities, with GDV contributing approximately $150 million in cash and/or securities. GPS shares will be distributed pro rata to GDV common shareholders and will seek listing on the NYSE.
The new fund is expected to utilize leverage, with the amount yet to be determined. GDV's distribution policy will remain unchanged, while GPS's distribution rate will be determined at spin-off. The transaction requires both shareholder and regulatory approvals, with specific details about cash/securities contribution, share distribution, and record dates to be announced later.
Gabelli Dividend & Income Trust (NYSE:GDV) has announced the continuation of its fixed monthly cash distributions policy. The Board of Trustees declared distributions of $0.14 per share for April, May, and June 2025. This represents a 27% increase in annual distribution to $1.68 per share, effective from January 2025.
The distributions will be paid on April 23, May 22, and June 23, 2025, respectively. Based on current accounting records, the 2025 distributions comprise approximately 3% from net investment income, 4% from net capital gains, and 93% return of capital. The Board continues to evaluate strategic opportunities in the equity markets and monitors the Fund's distribution level considering market conditions and net asset value.
The Gabelli Dividend & Income Trust (NYSE: GDV) has announced a significant 27% increase in its annual distribution from $1.32 to $1.68 per share. The monthly distribution rate will increase to $0.14 from $0.11 per share. This decision by the Board of Trustees comes following the Fund's performance and its $1.4 billion in portfolio unrealized gains.
The enhanced monthly distributions will begin in the first quarter of 2025, with payments scheduled for January 24, February 21, and March 24, 2025. The Fund notes that its distribution policy may be modified by the Board of Trustees, and the distribution rate should not be considered as the dividend yield or total return on investment.
Gabelli Dividend & Income Trust (NYSE:GDV) has announced the continuation of its fixed monthly cash distributions policy. The Board of Trustees declared distributions of $0.11 per share for January, February, and March 2025. The distributions will be paid on January 24, February 21, and March 24, 2025, respectively. Based on current accounting records, the 2024 distributions comprise approximately 14% from net investment income and 86% from net capital gains on a book basis.
Gabelli Dividend & Income Trust (NYSE: GDV) has announced that GAMCO Investors and its affiliates have purchased $107 million of the Fund's Series M Cumulative Preferred Shares. The Series M Preferred carries a 4.80% dividend rate and has specific features:
- Puttable/callable in December 2025
- Mandatory redemption in December 2026
This investment by GAMCO Investors, a significant player in the financial sector, demonstrates confidence in the Fund's performance and strategy. Investors are advised to carefully consider the Fund's investment objectives, risks, charges, and expenses before making investment decisions.
The Gabelli Dividend & Income Trust (NYSE:GDV) has announced the continuation of its fixed monthly cash distributions policy. The Board of Trustees declared $0.11 per share distributions for October, November, and December 2024. The Board is also evaluating strategic opportunities in the current attractive equity market environment.
Key points:
- Distribution dates: October 24, November 21, and December 20, 2024
- Record dates: October 17, November 14, and December 13, 2024
- 2024 distributions: Approximately 14% from net investment income, 86% from net capital gains
- The Fund's distribution policy is subject to modification
- Shareholders will receive Form 1099-DIV for tax reporting in early 2025
The Gabelli Dividend & Income Trust (NYSE: GDV) announced the continuation of its monthly cash distribution policy. The Board declared distributions of $0.11 per share for July, August, and September 2024. Record dates are July 17, August 16, and September 16, with payable dates on July 24, August 23, and September 23, respectively.
The Fund evaluates strategic opportunities and reviews its distribution levels quarterly. If necessary, an adjusting distribution will be made in December to meet IRS requirements for regulated investment companies. The distribution includes 16% from net investment income, 79% from net capital gains, and 5% return of capital. Shareholders will receive tax-related information via Form 1099-DIV in early 2025.
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