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Delaware Investments Dividend and Income Fund, Inc. - DDF STOCK NEWS

Welcome to our dedicated page for Delaware Investments Dividend and Income Fund news (Ticker: DDF), a resource for investors and traders seeking the latest updates and insights on Delaware Investments Dividend and Income Fund stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Delaware Investments Dividend and Income Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Delaware Investments Dividend and Income Fund's position in the market.

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Debbie's Dream Foundation: Curing Stomach Cancer (DDF) is set to host the 'Ask the Experts Gastric Cancer Educational Symposium' on November 9, 2024, at the Seminole Hardrock Hotel & Casino Hollywood, Florida. The half-day event, running from 11:00 a.m. to 4:00 p.m., will feature medical experts, patients, and caregivers discussing important topics such as mental health, survivorship, treatment side effects, and gastric cancer in young adults.

Held during Gastric Cancer Awareness Month, the symposium aims to educate and support the gastric cancer community. Following the symposium, DDF will host the Gastric Cancer Awareness Illumination Ceremony & Celebration Dinner, featuring the Guitar Hotel lighting up in periwinkle blue as part of the 'Power of Periwinkle' global awareness initiative. The event is free for the public, but registration is required. Sponsors include Amgen, Bristol Meyers Squibb, Daiichi Sankyo, Merck, and Taiho Oncology.

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Rhea-AI Summary

Delaware Investments Dividend and Income Fund (DDF) announced the completion of its asset acquisition by abrdn Global Dynamic Dividend Fund (AGD) on March 10, 2023. Shareholders approved the acquisition on November 30, 2022. After the reorganization, DDF will be delisted from the NYSE and dissolved. The net asset value (NAV) per share for DDF was 8.4221, and the conversion ratio was 0.801802. Shareholders will receive fractional shares as cash-in-lieu, and a Form 1099-DIV will be provided in early 2024 for tax reporting. This transaction was tax-free for shareholders.

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16.3%
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Rhea-AI Summary

Delaware Investments Dividend and Income Fund, Inc. (NYSE: DDF) announced a final distribution of $0.202 per share, disbursed to shareholders of record as of February 24, 2023. This distribution is linked to the reorganization into abrdn Global Dynamic Dividend Fund (NYSE: AGD), which is expected to complete by March 10, 2023. The distribution comprises undistributed tax-exempt income and capital gains from operations. Key sources are net investment income (11.0%), short-term capital gain (2.2%), long-term capital gain (76.7%), and return of capital (10.1%).

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Rhea-AI Summary

The Delaware Investments Dividend and Income Fund (DDF) announced a final distribution of $0.202 per share as part of its reorganization into the abrdn Global Dynamic Dividend Fund (AGD). This distribution is payable on March 3, 2023, to shareholders recorded by February 24, 2023. The payout includes undistributed tax-exempt interest income and capital gains expected through March 10, 2023. This reorganization, approved by shareholders on November 30, 2022, involves asset acquisition by AGD, followed by the dissolution of DDF and its subsequent delisting.

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-2.81%
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Rhea-AI Summary

Delaware Investments Dividend and Income Fund (DDF) announced a final distribution as part of its reorganization into abrdn Global Dynamic Dividend Fund (AGD). This distribution of $0.0568 per share will be payable on March 3, 2023 to shareholders of record as of February 24, 2023. The distribution includes undistributed tax-exempt interest income and gain net income anticipated through March 10, 2023. The transaction follows approval by shareholders and is expected to close around March 10, 2023. Shareholders will receive a Form 1099-DIV for tax reporting in early 2024.

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0.72%
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Rhea-AI Summary

On January 27, 2023, Delaware Investments Dividend and Income Fund (NYSE: DDF) announced a monthly distribution of $0.0557 per share, payable to shareholders of record as of January 20, 2023. This distribution is primarily sourced from net realized long-term capital gains, accounting for 92.8% of the total distribution. The Fund operates under a managed distribution policy aiming for an annual distribution rate of 7.5% based on average net asset value (NAV). As of December 31, 2022, the annualized distribution rate was 7.58%, while the cumulative total return on NAV stands at -3.74%.

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On December 30, 2022, Delaware Investments Dividend and Income Fund (NYSE: DDF) announced a monthly distribution of $0.0551 per share for shareholders of record as of December 22, 2022. The distribution comprises 26.0% net investment income, 0.0% short-term and long-term capital gains, and 74.0% return of capital. The Fund's managed distribution policy aims for a targeted annual rate of 7.5% of average net asset value. However, the Fund has distributed more than its income, indicating potential return of capital, which may not reflect investment performance.

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2.65%
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Rhea-AI Summary

Delaware Investments Dividend and Income Fund (symbol: DDF) has re-declared a monthly distribution of $0.2534 per share, which includes long-term capital gains of $0.1983. This distribution is payable on December 30, 2022, to shareholders of record on December 22, 2022, with an ex-dividend date of December 21, 2022. The Fund, aiming for high current income, invests at least 65% of its assets in income-generating equity securities, while utilizing leverage to enhance returns. The targeted annual distribution rate is 7.5% of the average NAV per share.

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Rhea-AI Summary

Delaware Investments Dividend and Income Fund (NYSE:DDF) has announced a monthly distribution of $0.0551 per share, payable on December 30, 2022, to shareholders recorded by December 22, 2022. The Fund aims for high current income, investing primarily in income-generating equities and some high-yield debt securities. It employs a managed distribution policy targeting a 7.5% annual distribution rate. However, future distributions may include returns of capital, which do not reflect investment performance.

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0.72%
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Rhea-AI Summary

The Delaware Investments Dividend and Income Fund, trading under the symbol DDF, announced shareholder approval for its reorganization into the abrdn Global Dynamic Dividend Fund (symbol: AGD) during a special meeting held on November 30, 2022. A total of 3,834,389 votes were cast in favor, representing 62.48% of outstanding shares. The reorganization is expected to finalize in the first quarter of 2023, pending customary closing conditions. This strategic move aims to optimize income for shareholders through enhanced investment strategies.

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-0.59%
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FAQ

What is the market cap of Delaware Investments Dividend and Income Fund (DDF)?

The market cap of Delaware Investments Dividend and Income Fund (DDF) is approximately 55.1M.
Delaware Investments Dividend and Income Fund, Inc.

NYSE:DDF

DDF Rankings

DDF Stock Data

55.10M
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