Seeking Alpha

Gabelli Dividend & Income Trust (The) (GDV)

  • Wed, Apr. 29, 11:17 AM
    • On the lookout for closed-end funds with room to move higher over the next 12-18 months while paying out a solid distribution, Michael Jabara and team at Morgan Stanley Wealth Management find 11 top picks.
    • On average, they have a 7.5% payout (vs. 6.7% for peers) and a discount to NAV of 8.7% (vs. 7.9% for peers).
    • The list: Royce Value Trust (NYSE:RVT), Neuberger Berman MLP Income Fund (NYSEMKT:NML), ClearBridge Energy MLP Fund (NYSE:CEM), John Hancock Financial Opportunities Fund (NYSE:BTO), Gabelli Dividend & Income Trust (NYSE:GDV), Eaton Vanco Tax-Advantaged Global Dividend Fund (NYSE:ETG), Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX), Eaton Vance Tax-Managed Diversified Equity Fund (NYSE:ETY), BlackRock International Growth & Income Trust (NYSE:BGY), Eaton Vance Tax-Managed Diversified Global Equity Fund (NYSE:EXG), and BlackRock Global Opportunities Equity Trust (NYSE:BOE).
    • Source: Barron's
  • May. 14, 2014, 5:34 PM
    • Gabelli Dividend&Income Trust (GDV) declares $0.10/share monthly dividend, in line with previous.
    • Forward yield 5.41%.
    • Payable July 24; for shareholders of record July 17; ex-div July 15.
    | Comment!
  • Nov. 21, 2013, 11:10 PM
    • Gabelli Dividend&Income Trust (GDV) declares $0.09/share monthly dividend, in line with prior.
    • Forward yield 5.06%.
    • Payable Jan 24; for shareholders of record Jan 17; ex-div Jan 15.
    • Additionally, the board authorizes to increase monthly dividend by $0.01/share to $0.10/share from the month of Mar.
    | Comment!
  • Aug. 22, 2013, 3:48 PM
    | Comment!
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Company Description
The funds investment objective is to provide a high level of total return on its assets with an emphasis on dividends and income. Under normal market conditions, the Fund will invest at least 80% of the value of its total assets in dividend paying or incom