Nvidia, AMD to pay 15% of China chip sales revenue to US govt- FT
Susan Watson Laughlin, a director at Gabelli Dividend & Income Trust (NYSE:GDV), recently acquired 300 common shares of the company. The purchase was made on February 12, 2025, at a price of $24.96 per share, totaling approximately $7,488. Following this transaction, Laughlin's total holdings in the trust increased to 2,206 shares. The transaction reflects Laughlin's ongoing investment in the company, as the total includes shares acquired through dividend reinvestment. According to InvestingPro, GDV has maintained dividend payments for 22 consecutive years and is currently trading near its 52-week high of $25.67. For deeper insights into insider trading patterns and additional ProTips, subscribers can access the full analysis on InvestingPro.
In other recent news, the Gabelli Dividend & Income Trust has announced the continuation of its fixed monthly cash distributions to shareholders, with an increase in the annual distribution rate to $1.68 per share. This shift signifies a 27% rise from previous payouts, starting with the January 2025 distribution. The decision comes amidst the Board's ongoing exploration of strategic opportunities in what they perceive as an attractive equity market investment environment.
The Fund's distribution policy may be adjusted at any time by the Board of Trustees, and there is no guarantee of its indefinite continuation. In December, the Fund may issue an adjusting distribution to comply with the Internal Revenue Code's minimum distribution requirements for regulated investment companies, if necessary.
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. These figures are not final for tax reporting purposes and may vary 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. These are the recent developments concerning the Gabelli Dividend & Income Trust.
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