Gabelli Dividend & Income Trust Raises Annual Distribution 7% to $1.80 Per Share
GDV•Gabelli Dividend & Income Trust board approved $0.15-per-share distributions for July–September 2026 and reaffirmed an annualized $1.80-per-share payout, a 7% increase over prior levels. The closed-end fund holds $3.4 billion in net assets while evaluating strategic equity market opportunities.
1. Distribution Declaration
The Board of Trustees declared fixed monthly cash distributions of $0.15 per share for July, August and September 2026, maintaining the Fund’s existing payout schedule.
2. Annualized Payout Increase
The board increased the annualized distribution by 7% to $1.80 per share, reflecting the $0.15 monthly payout starting with January 2026 distributions.
3. Tax Treatment and Compliance
Distributions may include long-term capital gains and net investment income; the board will review quarterly results and may make an adjusting distribution in December to meet regulated investment company requirements.
4. Fund Profile and Strategic Outlook
The Gabelli Dividend & Income Trust holds $3.4 billion in net assets and continues to evaluate strategic opportunities across broader equity markets while monitoring NAV and market conditions.
