GDV is an undercovered steady monthly dividend payer currently yielding 6.3%. It produces this yield using a classic large cap value approach, with a bias towards dividend paying stocks.
Management is invested in the fund, and recently increased their holdings in a rights offering.
Long run total return performance has been mediocre, although its investing approach is conservative and value investing has been generally out of favor for a long time.
The current 11% discount is higher than historical average. Management has an open stock buyback plan when the discount exceeds 7.5%.
Gabelli Dividend & Income Trust (GDV) has been a steady performer and reliable dividend payer since it launched in 2004. Its only major dividend reduction was during the financial crisis. GDV pays monthly