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The Gabelli Dividend & Income Trust (NYSE: GDV) is a prominent closed-end fund managed by Gabelli Funds, LLC, a subsidiary of Gamco Investors, Inc. Founded by Mario J. Gabelli in 1977, Gamco Investors, Inc. has built a strong reputation for its research-driven approach to equity investing and its proprietary Private Market Value (PMV) with a Catalyst™ stock selection strategy. As of December 31, 2016, Gamco Investors, Inc. had $39.7 billion in assets under management (AUM), with 95% invested in equities.
The Gabelli Dividend & Income Trust focuses on providing high current income and long-term capital appreciation, primarily through investments in dividend-paying stocks. The Fund leverages Gabelli Funds, LLC's deep expertise in equity research and investment strategies to identify high-quality, income-generating opportunities in the market.
Recent achievements of the Fund include the approval by the Board of Trustees to continue its policy of paying fixed monthly cash distributions. For the fourth quarter of 2023, the Board declared cash distributions of $0.11 per share for the months of October, November, and December.
With a commitment to delivering consistent income to shareholders, The Gabelli Dividend & Income Trust remains a reliable option for investors seeking steady cash flows and potential capital gains. The Fund's disciplined investment approach and focus on dividend-paying securities positions it well to navigate varying market conditions while striving to exceed investor expectations.
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.
The Gabelli Dividend & Income Trust (NYSE:GDV) has confirmed a policy of fixed monthly cash distributions, declaring payments of $0.11 per share for April, May, and June 2023. Shareholders will receive these distributions on set record and payable dates. The Fund’s Board will review distribution amounts quarterly, considering the net asset value and financial market conditions. Any shortfall in earnings relative to distributions may be treated as a return of capital, potentially reducing shareholders' cost basis. The Fund manages approximately $2.6 billion in net assets, focusing on high total returns with an emphasis on dividends.
The Gabelli Dividend & Income Trust (NYSE:GDV) announced total distributions for 2022, amounting to $1.41 per share. This includes $1.32 from monthly distributions of $0.11 each, plus an additional cash distribution of $0.09 per share due to realized capital gains. The extra cash distribution is payable on January 6, 2023, to shareholders on record by December 30, 2022. The Fund, managed by Gabelli Funds, holds $2.5 billion in net assets and aims to provide high total returns, emphasizing dividends and income.
The Gabelli Dividend & Income Trust (NYSE:GDV) has declared a cash distribution of $0.11 per share for January, February, and March 2023. The record dates are January 17, February 13, and March 17, with payable dates set for January 24, February 21, and March 24, respectively. The Fund, with total net assets of $2.6 billion, aims to provide high total returns with a focus on dividends. The distribution policy is subject to review by the Board of Trustees, considering net asset value and market conditions.
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