The Gabelli Dividend & Income Trust
GDV-PH
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mario Joseph Gabelli
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- One Corporate Center Rye NY United States of America 10580-1422
- IPO Date
- Jun 5, 2019
- CIK
- 0001260729
- Website
- gabelli.com
- Similar Companies
- Business
- The Gabelli Dividend & Income Trust (NYSE: GDV; GDV-PH) is a diversified, closed-end management investment trust whose primary objective is to seek a high level of total return with an emphasis on dividends and income. The Trust invests at least 80% of its assets in dividend-paying or other income-producing securities, with at least 50% under normal market conditions allocated to dividend-paying equity securities; it employs leverage through multiple series of cumulative preferred shares, including the 5.375% Series H Cumulative Preferred (GDV PrH), 4.50% Series J Cumulative Term Preferred, 4.25% Series K Cumulative Preferred, and 4.80% Series M Cumulative Term Preferred, alongside auction market preferred shares. Portfolio allocations emphasize sectors such as financial services, health care, food and beverage, computer software and services, diversified industrials, consumer products, electronics, and environmental services, with top holdings typically including companies like Mastercard Inc., JPMorgan Chase & Co., American Express Co., Microsoft Corp., Sony Group Corp., and Eli Lilly and Company. The Trust trades on the New York Stock Exchange and targets income-oriented investors seeking undervalued securities with superior yield and capital gains potential, managed by a team led by Mario J. Gabelli, CFA, supported by over 16 portfolio managers from Gabelli Funds, LLC. Founded on November 28, 2003, and headquartered at One Corporate Center, Rye, New York, the Trust operates principally in U.S. and global public equity and debt markets, with approximately $2.9 billion in total net assets as of March 31, 2025. It maintains a dividend reinvestment and cash purchase plan through Computershare and issues Form 1099-DIV annually to report distribution tax character, which may include net investment income, capital gains, and return of capital. In recent developments, the Board of Trustees increased the annual distribution rate by 36% to $1.80 per share ($0.15 monthly) effective from 2025 levels, up from $0.11 monthly in 2024, with fixed monthly cash distributions declared at $0.14 per share for October, November, and December 2025 prior to the adjustment; 2025 distributions are estimated at 19% net investment income and 81% net capital gains. The Trust continues to evaluate strategic opportunities in equity markets amid favorable conditions, with year-to-date NAV total return of 16% noted in late 2025 updates, reflecting proactive management of its distribution policy to comply with Internal Revenue Code requirements.