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Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 Per Share

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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

Il Gabelli Dividend & Income Trust (NYSE:GDV) ha annunciato il proseguimento della sua politica di distribuzioni mensili fisse in contante. Il Consiglio di Amministrazione ha dichiarato distribuzioni di $0.11 per azione per ottobre, novembre e dicembre 2024. Il Consiglio sta inoltre valutando opportunità strategiche nell'attuale interessante ambiente di mercato azionario.

Punti chiave:

  • Data delle distribuzioni: 24 ottobre, 21 novembre e 20 dicembre 2024
  • Data di registrazione: 17 ottobre, 14 novembre e 13 dicembre 2024
  • Distribuzioni 2024: Circa il 14% da reddito netto da investimenti, 86% da guadagni netti in capitale
  • La politica di distribuzione del Fondo è soggetta a modifiche
  • Gli azionisti riceveranno il Modulo 1099-DIV per la dichiarazione fiscale all'inizio del 2025

El Gabelli Dividend & Income Trust (NYSE:GDV) ha anunciado la continuación de su política de distribuciones en efectivo mensuales fijas. La Junta de Fideicomisarios declaró distribuciones de $0.11 por acción para octubre, noviembre y diciembre de 2024. La Junta también está evaluando oportunidades estratégicas en el actual atractivo entorno del mercado de valores.

Puntos clave:

  • Fechas de distribución: 24 de octubre, 21 de noviembre y 20 de diciembre de 2024
  • Fechas de registro: 17 de octubre, 14 de noviembre y 13 de diciembre de 2024
  • Distribuciones 2024: Aproximadamente el 14% de ingresos netos de inversión, el 86% de ganancias de capital netas
  • La política de distribución del Fondo está sujeta a modificación
  • Los accionistas recibirán el Formulario 1099-DIV para la declaración de impuestos a principios de 2025

가벨리 배당 및 소득 신탁(Gabelli Dividend & Income Trust, NYSE:GDV)이 고정 월 현금 배당금 정책의 지속을 발표했습니다. 이사회는 2024년 10월, 11월 및 12월에 대해 주당 $0.11의 배당금을 선언했습니다. 이사회는 현재 매력적인 주식 시장 환경에서 전략적 기회를 평가하고 있습니다.

주요 사항:

  • 배당 날짜: 2024년 10월 24일, 11월 21일 및 12월 20일
  • 기록 날짜: 2024년 10월 17일, 11월 14일 및 12월 13일
  • 2024년 배당금: 순 투자 소득에서 약 14%, 순 자본 이득에서 86%
  • 펀드의 배당 정책은 수정될 수 있습니다
  • 주주들은 2025년 초에 세금 보고를 위한 1099-DIV 양식을 받을 것입니다

Le Gabelli Dividend & Income Trust (NYSE:GDV) a annoncé la continuation de sa politique de distributions en espèces mensuelles fixes. Le Conseil d'Administration a déclaré des distributions de $0.11 par action pour octobre, novembre et décembre 2024. Le Conseil évalue également des opportunités stratégiques dans l'environnement attrayant actuel du marché boursier.

Points clés :

  • Dates de distribution : 24 octobre, 21 novembre et 20 décembre 2024
  • Dates d'enregistrement : 17 octobre, 14 novembre et 13 décembre 2024
  • Distributions 2024 : Environ 14 % des revenus nets d'investissement, 86 % des gains en capital nets
  • La politique de distribution du Fonds est sujette à modification
  • Les actionnaires recevront le formulaire 1099-DIV pour la déclaration fiscale début 2025

Der Gabelli Dividend & Income Trust (NYSE:GDV) hat die Fortsetzung seiner festen monatlichen Barauszahlungsrichtlinien angekündigt. Der Vorstand hat $0,11 pro Aktie für Oktober, November und Dezember 2024 erklärt. Der Vorstand prüft außerdem strategische Möglichkeiten im aktuellen attraktiven Aktienmarktumfeld.

Wichtige Punkte:

  • Auszahlungsdaten: 24. Oktober, 21. November und 20. Dezember 2024
  • Record-Daten: 17. Oktober, 14. November und 13. Dezember 2024
  • 2024 Auszahlungen: Etwa 14% aus Nettoanlageerträgen, 86% aus Nettokapitaleinkünften
  • Die Ausschüttungspolitik des Fonds unterliegt Änderungen
  • Aktionäre erhalten Anfang 2025 das Formular 1099-DIV zur steuerlichen Berichterstattung
Positive
  • Consistent monthly dividend of $0.11 per share maintained
  • Board evaluating strategic opportunities in attractive equity market
  • 14% of distributions from net investment income, indicating revenue generation
Negative
  • 86% of distributions from net capital gains, potentially unsustainable in long term
  • Distribution policy subject to modification, indicating potential future changes

RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of October, November, and December 2024.

Distribution MonthRecord DatePayable DateDistribution Per Share
OctoberOctober 17, 2024October 24, 2024$0.11
NovemberNovember 14, 2024November 21, 2024$0.11
DecemberDecember 13, 2024December 20, 2024$0.11
    

Additionally, the Board of Directors continues to evaluate potential strategic opportunities for the Fund in what we believe to be an attractive environment to invest in the broader equity markets.

Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund will pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their "net investment income", which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2024 would include approximately 14% from net investment income and 86% from net capital gains on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2024 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2024 distributions in early 2025 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Carter Austin
(914) 921-5475

About The Gabelli Dividend & Income Trust
The Gabelli Dividend & Income Trust is a diversified, closed-end management investment company with $2.8 billion in total net assets whose primary investment objective is to provide a high level of total return with an emphasis on dividends and income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE – GDV
CUSIP – 36242H104

THE GABELLI DIVIDEND & INCOME TRUST

Investor Relations Contact:
Carter Austin
(914) 921-5475
caustin@gabelli.com


FAQ

What is the monthly dividend amount for GDV stock in Q4 2024?

The Gabelli Dividend & Income Trust (GDV) has declared a monthly dividend of $0.11 per share for October, November, and December 2024.

When are the dividend payment dates for GDV in Q4 2024?

The dividend payment dates for GDV in Q4 2024 are October 24, November 21, and December 20.

What is the composition of GDV's 2024 distributions?

Based on current accounting records, GDV's 2024 distributions consist of approximately 14% from net investment income and 86% from net capital gains.

How often does GDV pay dividends?

GDV pays fixed monthly cash distributions, as approved by its Board of Trustees.

Is GDV's dividend policy subject to change?

Yes, the Fund's distribution policy is subject to modification by the Board of Trustees at any time, and there is no guarantee that the current policy will continue.

The Gabelli Dividend & Income Trust

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