Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.15 Per Share, Reaffirms Annualized Distribution of $1.80 Per Share

Rhea-AI Summary

Gabelli Dividend & Income Trust (NYSE:GDV) will continue fixed monthly cash distributions and declared $0.15 per share for July, August, and September 2026.

The Board raised the annualized distribution 7% to $1.80 per share, paid monthly, and outlined tax and source-of-distribution details for 2026.

AI-generated analysis. Not financial advice.

Positive

• Annualized common share distribution increased 7% to $1.80 per share
• Monthly cash distribution of $0.15 per share reaffirmed for July–September 2026
• Board continues fixed monthly distribution policy, reviewed quarterly based on income and capital gains

Negative

• Distribution policy may be modified or discontinued by the Board at any time
• Distributions can include return of capital if annual earnings are below amounts paid
• Taxable shareholders may owe capital gains tax and a 3.8% Medicare surcharge on investment income

News Market Reaction – GDV

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+0.21% News Effect

On the day this news was published, GDV gained 0.21%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

RYE, N.Y., May 13, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) 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 July, August, and September 2026.

The Board of Trustees increased the annual distribution 7% to $1.80 per share, which will be paid $0.15 per share monthly, commencing with the January 2026 monthly distribution.

Distribution Month	Record Date	Payable Date	Distribution Per Share
July	July 17, 2026	July 24, 2026	$	0.15
August	August 17, 2026	August 24, 2026	$	0.15
September	September 16, 2026	September 23, 2026	$	0.15

Additionally, the Board of Trustees continues to evaluate potential strategic opportunities for the Fund in what we believe 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 2026 would include approximately 7% from net investment income and 93% 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 2026 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 2026 distributions in early 2027 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 $3.4 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 monthly distribution did Gabelli Dividend & Income Trust (NYSE:GDV) declare for Q3 2026?

Gabelli Dividend & Income Trust declared monthly cash distributions of $0.15 per share for July, August, and September 2026. According to the fund, record dates are mid-month with payments about one week later, giving investors predictable monthly income timing.

What is the new annualized distribution rate for GDV after the May 13, 2026 announcement?

The annualized common share distribution for GDV is now $1.80 per share, a 7% increase. According to the fund, this amount is scheduled to be paid as $0.15 per share monthly, starting with the January 2026 distribution, subject to Board discretion.

When are the record and payable dates for GDV's July, August, and September 2026 distributions?

For GDV, July 2026 has a July 17 record date and July 24 payable date. According to the fund, August’s key dates are August 17 and 24, while September’s are September 16 and 23, all at $0.15 per share.

How are GDV's 2026 distributions expected to be sourced between income and capital gains?

For 2026, GDV currently estimates distributions will be about 7% from net investment income and 93% from net capital gains. According to the fund, these figures are book estimates only and final tax character will be determined after year-end.

Can GDV's fixed monthly distribution policy change in the future?

Yes, GDV's distribution policy can be modified or discontinued at any time. According to the fund, the Board reviews distributions quarterly, considering income, realized capital gains, available capital, net asset value, and market conditions before deciding on future distribution levels.

What are the potential tax implications of holding GDV and receiving 2026 distributions?

GDV distributions may be taxed as long-term capital gains, qualified dividend income, or return of capital. According to the fund, certain U.S. individuals, estates, and trusts above income thresholds may also owe a 3.8% Medicare surcharge on net investment income from the fund.

What does a return of capital distribution from GDV mean for shareholders?

A return of capital occurs if GDV pays more than its earnings for the year. According to the fund, this portion is generally not immediately taxable but reduces a shareholder's cost basis, affecting potential taxable gain or loss when shares are sold.