Gabelli Dividend & Income Trust
About: Gabelli Dividend & Income Trust operates as a diversified closed-end management investment company. The fund's investment objective is to provide a high level of total return on its assets with an emphasis on dividends and income. To achieve its objective, the fund may invest its assets in dividend-paying securities or other income-producing securities. The fund invests in various sectors, in which Financial Services, Food & Beverage, Health Care, Consumer Products, Electronics, and Computer Software & Services and others.
0
Funds holding %
of 6,809 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
31% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 13
2% more funds holding
Funds holding: 165 [Q2] → 169 (+4) [Q3]
8.25% less ownership
Funds ownership: 38.99% [Q2] → 30.74% (-8.25%) [Q3]
16% less capital invested
Capital invested by funds: $795M [Q2] → $666M (-$129M) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 60
67% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 1 (-2) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for GDV.
Financial journalist opinion
Neutral
GlobeNewsWire
2 weeks ago
Gabelli Dividend & Income Trust Increases Annual Distribution 27% to $1.68 From $1.32 and Monthly Distribution Rate to $0.14 From $0.11
RYE, N.Y., Dec. 04, 2024 (GLOBE NEWSWIRE) -- In light of the performance of The Gabelli Dividend & Income Trust (NYSE: GDV) (the “Fund”) and the Fund's $1.4 billion in portfolio unrealized gains, The Board of Trustees has decided to increase the annual distribution to $1.68 per share, which will be paid $0.14 per share monthly. The increased monthly distributions will commence with the previously announced distribution dates in the first quarter of 2025.
Neutral
Seeking Alpha
1 month ago
3 Closed-End Fund Buys In The Month Of October 2024
Every month, I put cash to work in my closed-end fund portfolio to help build up cash flow over time. Broader equity markets have continued to perform well for the most part, and discounts narrowing on average for CEFs this year has kept me from wanting to get too aggressive. That said, I think there are still some opportunities for adding and worth putting capital to work more cautiously.
Neutral
GlobeNewsWire
1 month ago
Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 Per Share
RYE, N.Y., Nov. 14, 2024 (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 $0.11 per share for each of January, February, and March 2025.
Neutral
GlobeNewsWire
2 months ago
Gabelli Dividend & Income Trust Announces That GAMCO Investors, Inc. and Affiliates Purchased $107 million of Series M Cumulative Preferred
RYE, N.Y., Oct. 18, 2024 (GLOBE NEWSWIRE) -- Gabelli Dividend & Income Trust (NYSE: GDV) (the “Fund”) announced today that GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) and affiliates purchased $107 million of the Fund's Series M Cumulative Preferred Shares (“Series M Preferred”). The Series M preferred carries a 4.80% dividend rate, is puttable/callable in December 2025 and has a mandatory redemption in December 2026.
Positive
Seeking Alpha
2 months ago
GDV: Stable And Modest Distribution With Attractive Discount
Gabelli Dividend & Income Trust offers a stable, modest monthly distribution with a deep discount and value-oriented portfolio. GDV's discount to NAV has narrowed since our last update but remains relatively attractive based on its historical level. Saba Capital Management, a well-known activist group, has taken an initial stake in the fund, which could push for some changes in the future.
Positive
Seeking Alpha
3 months ago
Wonderful News Income Investors, For Bottom Fishing
The time to buy cheap fixed-rate income is rapidly coming to a close. Rate cuts will prompt a rush to buy, when you should've been buying ahead of them. Collect income, collect experiences; don't drain your bank account doing so.
Negative
Seeking Alpha
3 months ago
GDV.PR.K: With Most Of The Curve Move Behind Us, This Is A Hold Now (Rating Downgrade)
GDV.PR.K are preferred shares issued by Gabelli Dividend & Income Trust. The securities have a high duration, making them sensitive to interest rates. The share has recently outperformed the S&P 500 due to falling interest rates. I believe that most of the easy gains from falling rates are now behind us.
Neutral
GlobeNewsWire
3 months ago
Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 Per Share
RYE, N.Y., Aug. 23, 2024 (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 $0.11 per share for each of October, November, and December 2024.
Positive
Seeking Alpha
4 months ago
GDV: This Dividend-Oriented Equity Fund Has Improved Quite A Bit
Gabelli Dividend & Income Trust has a low yield of 5.76%, lower than most of U.S. equity-focused closed-end fund peers. The fund has delivered a 30.69% total return since late October 2023, outperforming the S&P 500 Index. The fund employs mostly a buy-and-hold strategy, and most of its largest holdings have performed pretty well over the past several months.
Positive
Forbes
5 months ago
This ‘Corporate Raider' Is Urging Us To Buy These 8%+ Paying Funds Now
Closed-end funds (CEFs)—our favorite 8%+ yielding investments—have a new (and popular!) fan. And he's making a big move I see sending CEF prices higher.
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