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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 Gabelli Dividend & Income Trust (NYSE: GDV) has announced a significant 27% increase in its annual distribution from $1.32 to $1.68 per share. The monthly distribution rate will increase to $0.14 from $0.11 per share. This decision by the Board of Trustees comes following the Fund's performance and its $1.4 billion in portfolio unrealized gains.
The enhanced monthly distributions will begin in the first quarter of 2025, with payments scheduled for January 24, February 21, and March 24, 2025. The Fund notes that its distribution policy may be modified by the Board of Trustees, and the distribution rate should not be considered as the dividend yield or total return on investment.
Gabelli Dividend & Income Trust (NYSE:GDV) has announced the continuation of its fixed monthly cash distributions policy. The Board of Trustees declared distributions of $0.11 per share for January, February, and March 2025. The distributions will be paid on January 24, February 21, and March 24, 2025, respectively. Based on current accounting records, the 2024 distributions comprise approximately 14% from net investment income and 86% from net capital gains on a book basis.
Gabelli Dividend & Income Trust (NYSE: GDV) has announced that GAMCO Investors and its affiliates have purchased $107 million of the Fund's Series M Cumulative Preferred Shares. The Series M Preferred carries a 4.80% dividend rate and has specific features:
- Puttable/callable in December 2025
- Mandatory redemption in December 2026
This investment by GAMCO Investors, a significant player in the financial sector, demonstrates confidence in the Fund's performance and strategy. Investors are advised to carefully consider the Fund's investment objectives, risks, charges, and expenses before making investment decisions.
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
The Gabelli Dividend & Income Trust (NYSE: GDV) announced the continuation of its monthly cash distribution policy. The Board declared distributions of $0.11 per share for July, August, and September 2024. Record dates are July 17, August 16, and September 16, with payable dates on July 24, August 23, and September 23, respectively.
The Fund evaluates strategic opportunities and reviews its distribution levels quarterly. If necessary, an adjusting distribution will be made in December to meet IRS requirements for regulated investment companies. The distribution includes 16% from net investment income, 79% from net capital gains, and 5% return of capital. Shareholders will receive tax-related information via Form 1099-DIV in early 2025.
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