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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 Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) has confirmed the continuation of its monthly cash distributions, declaring $0.11 per share for October, November, and December 2022. Record and payable dates for the distributions are set for October 17 and 24, November 15 and 22, and December 9 and 16, respectively. The Fund's distribution policy is subject to review and potential adjustment, with the ability to meet minimum distribution requirements outlined by IRS regulations. The Fund emphasizes a high total return, primarily focusing on dividends and income.
The Gabelli Dividend & Income Trust (NYSE:GDV) has confirmed its commitment to fixed monthly cash distributions of $0.11 per share for July, August, and September 2022. The record and payable dates for these distributions are July 15 and 22, August 17 and 24, and September 16 and 23, respectively. The Board of Trustees will continuously monitor distribution levels based on the fund's net asset value and market conditions. Additionally, if necessary, an adjusting distribution may occur in December to meet Internal Revenue Code requirements.
The Gabelli Dividend & Income Trust (GDV) has announced its decision to maintain fixed monthly cash distributions of $0.11 per share for April, May, and June 2022. The record dates for these distributions are April 14, May 16, and June 15, 2022, with payable dates on April 22, May 23, and June 23, 2022, respectively. The Board of Trustees is also exploring strategic opportunities and will review the Fund's distribution policy quarterly, taking into account its net asset value and market conditions.
The Gabelli Dividend & Income Trust (NYSE:GDV) has authorized the redemption of all outstanding 5.25% Series G Cumulative Preferred Shares at a price of $25.127604 per share, which includes $25.00 plus $0.127604 in unpaid dividends. This redemption will take effect on January 31, 2022, after which these shares will no longer be considered outstanding, and dividend accumulation will cease. The shares are held in book-entry form and are rated 'Aa3' by Moody's, with a quarterly dividend rate of $1.3125. The Fund aims to provide a high level of total return with a focus on dividends.
The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) has announced total distributions for 2021 amounting to
The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) has approved the redemption of all outstanding 5.25% Series G Cumulative Preferred Shares, with a redemption price of
The Gabelli Dividend & Income Trust (NYSE:GDV) announced its decision to maintain fixed monthly cash distributions of $0.11 per share for January, February, and March 2022. Key dates include January 14 as the record date and January 24 as the payable date for January's distribution. Additionally, a year-end cash distribution will be authorized later, based on undistributed income and capital gains. The Fund's distribution policy is subject to change, with ongoing evaluations of strategic opportunities and market conditions.
The Gabelli Dividend & Income Trust (NYSE:GDV) announced an offering of six million 4.25% Series K Cumulative Preferred Shares, totaling $150 million. The offering is set to close on October 7, 2021. Proceeds will be used to redeem Series G Preferred Shares and purchase portfolio securities. The Series K Preferred shares will have a liquidation preference of $25 and will trade under the symbol 'GDV Pr K' starting December 26, 2021. The fund manages total assets of $2.9 billion aimed at providing high returns, primarily through dividends.
The Gabelli Dividend & Income Trust (NYSE:GDV) announced fixed monthly cash distributions of $0.11 per share for October, November, and December 2021. The record dates are October 15, November 15, and December 10, with payable dates on October 22, November 22, and December 17, respectively. The Board of Trustees will evaluate the distribution policy based on the Fund's net asset value and market conditions, and may adjust the December distribution to meet IRS requirements. The Fund aims for high total returns, primarily through dividends and income.
The Gabelli Dividend & Income Trust (NYSE: GDV) announced fixed monthly cash distributions of $0.11 per share for July, August, and September 2021. The record dates are July 16, August 17, and September 16, with payable dates on July 23, August 24, and September 23 respectively. The Board continues to assess strategic opportunities and will monitor distribution levels based on net asset value and market conditions. Any shortfall in earnings could lead to distributions being classified as a return of capital.
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