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RYE, N.Y. - The Gabelli Dividend & Income Trust (NYSE:GDV), a closed-end management investment company, has announced the continuation of its fixed monthly cash distributions to shareholders. The Fund’s Board of Trustees declared monthly distributions of $0.14 per share for April, May, and June 2025, marking an increase in the annual distribution rate to $1.68 per share.
This adjustment represents a 27% rise from previous payouts, beginning with the January 2025 distribution. The decision comes as the Board continues to explore strategic opportunities within what is considered an attractive equity market investment environment.
The distribution schedule is as follows: April 15, 2025, as the record date with payment on April 23; May 15, 2025, as the record date with payment on May 22; and June 13, 2025, as the record date with payment on June 23. Quarterly reviews by the Trustees will assess the potential distribution amounts based on income, realized capital gain, or available capital.
The Fund’s distribution policy may be subject to change at any time by the Board of Trustees, and there is no guarantee that the policy will persist indefinitely. It is also noted that the distribution rate should not be equated with dividend yield or total return on an investment in the Fund.
The Gabelli Dividend & Income Trust, managed by Gabelli Funds, LLC, aims to deliver a high level of total return with a focus on dividends and income. With a market capitalization of $2.25 billion and an impressive one-year total return of 21.63%, the Fund has demonstrated strong performance. Get deeper insights into GDV’s performance metrics and exclusive financial analysis with InvestingPro, which offers comprehensive investment research and real-time analytics.
For 2025, the estimated distribution composition per share is approximately 3% from net investment income, 4% from net capital gains, and 93% as a return of capital on a book basis. However, these figures are not final for tax reporting purposes and may differ at year’s end.
Shareholders will receive detailed notifications of the distribution components and their tax treatments for 2025 distributions in early 2026 through Form 1099-DIV.
The Gabelli Dividend & Income Trust, managed by Gabelli Funds, LLC, aims to deliver a high level of total return with a focus on dividends and income. It currently boasts $3.0 billion in total net assets.
This report is based on a press release statement from The Gabelli Dividend & Income Trust.
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