Gabelli Dividend & Income Trust (GDV) has declared a quarterly dividend of $0.15 per share, payable to shareholders of record. This marks a 7.1% increase from the previous dividend of $0.14 per share.
Key Dividend Details:
- Ex-Dividend Date: January 14, 2026
- Payment Date: January 22, 2026
- Dividend Yield: 2.27%
The ex-dividend date is crucial for investors; shares must be owned before January 14, 2026, to qualify for the upcoming payment. Eligible shareholders will receive the dividend on January 22, 2026.
This update provides insight into Gabelli Dividend & Income Trust's commitment to returning capital to shareholders. The current dividend yield of 2.27% reflects the annual dividend income relative to the stock price, appealing to income-focused investors.
Gabelli Dividend & Income Trust, headquartered in Rye, New York, operates as a diversified, closed-end management investment company. The Fund aims for a high level of total return with a focus on dividends and income, investing at least 80% of its assets in dividend-paying or other income-producing securities. With a market capitalization of $2.4 billion and a P/E ratio of 6.67, the trust maintains a solid financial position that supports its dividend strategy.
Such decisions reflect management's confidence in the company's financial health and its ability to generate cash flow for shareholder returns. Investors are encouraged to consider the company's dividend history and overall financial health when evaluating the sustainability of its dividend payments.