Gabelli Dividend & Income Trust Increases Annual Distribution 36% to $1.80 from 2024 Rate and Monthly Distribution Rate to $0.15 Per Share

Rhea-AI Summary

Gabelli Dividend & Income Trust (NYSE:GDV) increased its annual distribution to $1.80 per share, to be paid as $0.15 per share monthly beginning with the January 2026 distribution. The $0.15 monthly rate is a 36% increase from the $0.11 monthly rate in 2024 and follows a 16% year-to-date NAV total return.

The Board declared $0.15 distributions for January, February, and March 2026 with record and payable dates listed for each month. The Board may pay an adjusting December distribution to satisfy RIC minimum distribution requirements and will continue to review distribution levels based on NAV and market conditions.

Estimated 2025 distribution composition on the Fund's books is ~19% net investment income and ~81% net capital gains; tax characterizations will be finalized after year end and reported on Form 1099-DIV.

Positive

• Monthly distribution raised to $0.15 starting Jan 2026
• Annual distribution increased to $1.80 per share
• NAV total return of 16% year-to-date cited as supporting increase

Negative

• Estimated 81% of 2025 distributions are from net capital gains (book basis)
• Board may pay an adjusting December distribution, indicating variable annual payout
• Distribution policy is subject to change and not guaranteed

RYE, N.Y., Nov. 12, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) increased the annual distribution to $1.80 per share, which will be paid $0.15 per share monthly, commencing with the January 2026 monthly distribution. The $0.15 per share monthly rate is a 36% increase from the $0.11 per share monthly rate in 2024. The increase reflects the strength of the Fund’s NAV total return of 16% year to date.

The Board of Trustees approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.15 per share for each of January, February, and March 2026.

The Board of Trustees increased the annual distribution to $1.68 per share, which has been paid $0.14 per share monthly, commencing with the January 2025 monthly distribution.

Distribution Month	Record Date	Payable Date	Distribution Per Share
January	January 15, 2026	January 23, 2026	$0.15
February	February 12, 2026	February 20, 2026	$0.15
March	March 17, 2026	March 24, 2026	$0.15

Additionally, the Board of Trustees continues to evaluate potential strategic opportunities for the Fund in what it believes 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 2025 would include approximately 19% from net investment income and 81% 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 2025 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 2025 distributions in early 2026 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 $3.2 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

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

FAQ

What is Gabelli Dividend & Income Trust (GDV) new annual distribution for 2026?

The Fund increased its annual distribution to $1.80 per share, paid as $0.15 monthly starting January 2026.

When are the record and payable dates for GDV January–March 2026 distributions?

January record date Jan 15, 2026 payable Jan 23, 2026; February record Feb 12, 2026 payable Feb 20, 2026; March record Mar 17, 2026 payable Mar 24, 2026.

How much did GDV increase its monthly distribution compared to 2024?

The monthly rate rose to $0.15, a 36% increase from the $0.11 monthly rate in 2024.

What tax character should GDV shareholders expect for 2025 distributions?

On a book basis the Fund estimates about 19% net investment income and 81% net capital gains for 2025; final tax reporting will be on Form 1099-DIV.

Will GDV’s distribution level change during 2026?

The Board will continue to review distributions and may modify the policy or pay an adjusting December distribution if needed.

Why did GDV raise the distribution to $1.80 per share?

The Board cited the Fund's 16% year-to-date NAV total return as a factor supporting the distribution increase.