The Gabelli Dividend & Income Trust
GDV-PK
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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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
- Oct 5, 2021
- CIK
- 0001260729
- Website
- gabelli.com
- Similar Companies
- Business
- The Gabelli Dividend & Income Trust (NYSE: GDV) operates as a diversified, closed-end management investment company seeking a high level of total return with an emphasis on dividends and income. The Fund invests, under normal market conditions, at least 80% of its assets in dividend-paying or other income-producing securities, including common and preferred stocks, fixed-income debt securities, and convertible securities; at least 50% of its assets consist of dividend-paying equity securities selected for superior yield and capital gains potential across sectors such as financial services, health care, food and beverage, computer software and services, diversified industrials, consumer products, energy and utilities, telecommunications, and electronics. It employs leverage through multiple series of cumulative preferred shares, including 5.25% Series G (GDV PrG), 5.375% Series H (GDV PrH), 4.50% Series J, 4.25% Series K (GDV PrK), 4.80% Series M, and auction market/rate preferred (Series B, C, and E), magnifying both potential returns and risks. Founded on November 28, 2003, and headquartered at One Corporate Center, Rye, New York, the Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., with portfolio management led by Mario J. Gabelli, CFA, and a team of over 16 experienced professionals; it primarily targets U.S. public equity markets, benchmarking against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index, and trades on the NYSE with approximately 89-90 million common shares outstanding. In recent developments, the Board of Trustees approved significant distribution increases, including a 27% rise to an annual rate of $1.68 per share beginning January 2025 with monthly payments of $0.14, followed by a further 36% increase to $1.80 annually ($0.15 monthly) for 2026 announced in November 2025, reflecting strong net asset value total returns of 16% year-to-date; additionally, Mario J. Gabelli purchased 5,000 shares worth $132,447 on November 18, 2025, increasing his direct holdings, amid ongoing evaluations of equity market opportunities.