Gabelli Dividend & Income Stock Price, News & Analysis

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 $1.38 per share. This includes $1.32 previously paid and an additional $0.06 per share, payable on January 6, 2022 to shareholders of record as of December 30, 2021. The extra cash distribution is to meet minimum distribution requirements and avoid Federal excise tax. Approximately 15% of the distributions will be from net investment income and 85% from net capital gains.

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 $25.00 per share plus any accumulated unpaid dividends. The exact redemption date will be disclosed later. As of the redemption date, these shares will no longer be outstanding, and dividends will cease to accumulate. The Series G Preferred Shares, rated 'Aa3' by Moody's, were issued on July 1, 2016 and provide a quarterly dividend of $1.3125.

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.

The Gabelli Dividend & Income Trust (GDV) has completed an exchange offer for its Auction Rate Preferred Shares. The Fund received tenders for 96% of the outstanding shares, resulting in the issuance of 5,817 Series J Preferred Shares and a cash payment of $1,119,000 for fractional shares. The Series J shares will pay dividends quarterly, starting at 1.70% for the first three years and increasing to 4.50% thereafter. They have a mandatory redemption date of March 26, 2028, and the offer ran from March 17 to April 14, 2021.