Gabelli Income Fund Announces Consistent Monthly Payouts
Understanding Gabelli Dividend & Income Trust's Distribution Policy
The Gabelli Dividend & Income Trust (GDV) recently confirmed its commitment to providing consistent monthly cash distributions to its shareholders. The Board of Trustees has declared distributions of $0.14 per share for the upcoming months of October, November, and December 2025.
Increment in Annual Distribution
In an exciting development for investors, the Board has also announced a remarkable 27% increase in the annual distribution, raising it to $1.68 per share. This increase will take effect starting with the monthly distribution in January 2025, ensuring that shareholders can anticipate greater returns in the new year.
Distribution Details and Schedule
Distribution Schedule Overview
Here are the upcoming distribution details for the fund:
- October: Record Date: October 17, 2025 | Payable Date: October 24, 2025 | Amount: $0.14
- November: Record Date: November 13, 2025 | Payable Date: November 20, 2025 | Amount: $0.14
- December: Record Date: December 12, 2025 | Payable Date: December 19, 2025 | Amount: $0.14
Future Strategic Opportunities
The Board of Trustees remains proactive in exploring strategic opportunities that could impact the Fund positively. They believe the current market conditions present an attractive environment for investing in wider equity markets, which could further benefit shareholders.
Monitoring Distribution Levels
Quarterly reviews by the Board of Trustees will assess the adequacy of any potential distributions based on income, realized capital gains, and capital available. The fund's distribution level will be closely monitored, particularly as it relates to its net asset value and the prevailing market conditions.
Capital Gains and Tax Considerations
Investors should be aware that any portion of the distribution may be categorized as long-term capital gain or qualified dividend income, both subject to the highest federal income tax rate for long-term capital gains. This rate currently stands at 20% for taxable accounts, potentially lower based on individual tax brackets.
Understanding Returns of Capital
In instances where the Fund does not generate sufficient earnings – including dividends and interest income minus expenses and realized net capital gains – any distribution exceeding the Fund's earnings will be classified as a return of capital. Such returns aren't generally taxable, serving as a reduction to the shareholder's cost basis.
Components of Distributions
During the year, long-term capital gains, qualified dividend income, and return of capital will be typically allocated pro-rata to all distributions made to common shareholders. The distribution components are regularly updated for accuracy and included in notifications sent to shareholders.
Investor Relations Contact
If you have any further questions regarding the fund or its distribution policies, please reach out to:
Carter Austin
(914) 921-5475
Email: caustin@gabelli.com
About Gabelli Dividend & Income Trust
The Gabelli Dividend & Income Trust is a diversified, closed-end management investment company managing $3.1 billion in total net assets. It aims to provide a high level of total return, with a strong focus on dividends and income, effectively networking with its parent company, Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. The trust is traded on the NYSE under the ticker symbol GDV.
Frequently Asked Questions
What is the current distribution per share for GDV?
The current distribution per share for GDV is $0.14.
When will the next distributions be paid?
The next distributions will be paid in October, November, and December 2025.
Has there been an increase in the annual distribution?
Yes, the annual distribution has increased by 27% to $1.68 per share, starting January 2025.
Who should I contact for more information?
You can contact Carter Austin at (914) 921-5475 for more information.
What is the investment strategy of the Gabelli Dividend & Income Trust?
The fund aims to provide a high level of total return focusing on dividends and income while managing a diversified investment portfolio.
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