Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust is a non-diversified, closed-end management investment company. It invests in sectors, such as financial services, energy and utilities, food and beverage, telecommunications, consumer products and healthcare. The company was founded on November 18, 2003 and is headquartered in Rye, NY.

Closed-end funds (CEFs)—our favorite 8%+ yielding investments—have a new (and popular!) fan. And he's making a big move I see sending CEF prices higher.

This ‘Corporate Raider' Is Urging Us To Buy These 8%+ Paying Funds Now

BlackRock Health Sciences Trust II

Kayne Anderson MLP Investment

MainStay CBRE Global Infrastructure Megatrends Fund

BlackRock MuniYield Quality Fund III Inc

With the market at nosebleed valuations, where can we look for value and yield?

This Deeply Discounted CEF Mini-Portfolio Yields 9.2%

Ares Capital

BlackRock Science & Technology

Crescent Capital BDC Inc

Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Doubleline Opportunistic Credit Fund

BNY Mellon High Yield Strategies Fund 

DoubleLine Income Solutions Fund

Eagle Point Credit

Western Asset Global High Income Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Eaton Vance Limited Duration Income Fund

Fidus Investment

Guggenheim Strategic Opportunities Fund

Western Asset High Income Fund

John Hancock Tax-Advantaged Dividend Income Fund

JPMorgan Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income ETF

Barings Corporate Investors

Barings Participation Investors

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.

Building A 10% Income Portfolio Today

BlackRock Capital Allocation Trust

Blackrock ESG Capital Allocation Trust

abrdn Life Sciences Investors 

Closed-end funds have unique features that make them very attractive investment vehicles for the right asset classes and investors who understand them. Especially for complex and/or less liquid asset classes, like corporate senior loans, high-yield bonds, collateralized loan obligations, and the more recently discovered (by retail investors) "private credit" Activist and institutional investors are worth watching, so we can piggyback onto their efforts in the closed-end fund world.

Finding Opportunities In The Closed-End Fund World

GAMCO Investors Inc

RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of July, August, and September 2024.

Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 Per Share

The Gabelli Dividend & Income Trust is a diversified equity closed-end fund with a value-oriented approach. GDV consistently trades at a deep discount, but this discount has widened in recent years. GDV offers a steady monthly distribution to investors, and that looks set to continue, barring a long and drawn-out black swan event.

GDV: Discount Remains Wide, Distribution Remains Steady

The common shares of the Gabelli Dividend & Income Trust have been downgraded to 'Hold' from 'Buy'. The preferred shares of GDV, specifically Series K, still offer a good buying opportunity due to the recent increase in rates. Series K has the longest duration and has been heavily affected by the increase in rates, but the current bout of higher yields is expected to be over.

GDV.PR.K: A Rates Play, Reiterate 'Buy' Rating

Last year, I argued GDV was a good buy despite concerns about its financials exposure. This call was successful, with GDV outperforming and being up +18%. GDV was undervalued due to perceived high financials exposure, but this has since been corrected. GDV no longer presents an attractive entry point due to higher market valuations, but remains a strong long-term investment.

GDV: No Longer An Attractive Entry Point (Rating Downgrade)

RYE, N.Y., March 28, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (the “Board”) (NYSE: GDV) (the “Fund”) announced that upon recommendation of the Fund's Nominating Committee and all of the Fund's independent Trustees, it has nominated Robert P. Astorino for election to the Board by the Shareholders of the Fund at the Fund's Annual Meeting of Shareholders to be held on May 13, 2024.

Gabelli Dividend & Income Trust Nominates Media and Communications Veteran Robert P. Astorino for Election to Board of Trustees

Remember a decade or so back, when we heard over and over again that the coming decades would be all about China?

Forget China: Buy This ‘All-American' Closed-End Fund Instead

DigitalBridge Group

Preferred securities improve portfolio defensiveness and income safety, dual qualities of an ideal retirement. With a history of low default rates, today's preferreds carry much higher credit quality. We discuss two discounted preferreds with up to 7.8% yields.

2 Great Preferred Stocks For A Retirement Dream

The Gabelli Dividend & Income Trust focuses on dividend stocks and other income securities to generate high returns. The fund's portfolio has seen little change in the past year, with the top sector allocations and top holdings remaining consistent. The GDV fund continues to deliver below-average returns with above-average volatility. Investors may be better off constructing their own high-yielding alternative.

GDV: Same Old, Continue To Avoid

The Gabelli Dividend & Income Trust provides a more value-oriented portfolio, and its discount presents a buying opportunity for the long-term investor. The GDV closed-end fund has paid a consistent monthly distribution for most of its life, with cuts only occurring during the GFC. The fund is modestly leveraged, but with most of that leverage being from preferred with fixed-rate dividends, they aren't having to deal with ballooning interest expenses.

GDV: Valuation Remains Attractive With Steady Monthly Paying Distribution

Highland Income Fund

Neuberger Berman Next Generation Connectivity Fund

Did you miss out? Have cash suddenly burning a hole in your pocket?

The 5 Biggest Dividend Bargains Left To Buy Before 2024

GDV is a closed-end fund that primarily invests in dividend-paying or income-producing securities. The fund has a significant exposure to the Financials sector (currently at 14.3%), but holds better quality collateral than other financials CEFs. Notably, it holds companies like Mastercard, Visa, and Berkshire Hathaway, which do not carry the same risks associated with traditional lending institutions.

GDV: Less Financial Risk Than Meets The Eye

The Gabelli Dividend & Income Trust is a closed-end fund that focuses on investing in dividend-paying stocks to generate a high level of income. The GDV closed-end fund has underperformed the S&P 500 Index since February, and its financial sector exposure may be one reason for this. The fund's leverage ratio is acceptable, and its distribution has been maintained, but its sustainability is uncertain due to reliance on unrealized gains.

GDV: Lagging Performance And Questionable Distribution

AllianceBernstein National Municipal Income Fund

Cornerstone Strategic Value Fund Inc

MFS High Yield Municipal Trust

Cornerstone Total Return Fund Inc

Herzfeld Caribbean Basin Fund Inc

MFS Investment Grade Municipal Trust

Destra Multi-Alternative Fund

DNP Select Income Fund Inc

BlackRock Enhanced Government Fund

Eaton Vance

Aberdeen Global Income Fund

First Trust Energy Infrastructure Fund

FS Credit Opportunities Corp

Sprott Focus Trust

GDL Fund

Gabelli Multimedia Trust

Gabelli Utility Trust

John Hancock Hedged Equity & Income Fund

Highland Global Credit Allocation Fund.

Closed-End Funds: Revisiting Valuations As We End Q3 2023

Adams Diversified Equity Fund

Blackrock Health Sciences Trust

BlackRock Science and Technology Trust II

BlackRock Utilities Infrastructure & Power Opportunities Trust

ClearBridge Energy MLP Fund Inc

Central Securities

European Equity Fund

Franklin Templeton Emerging Markets Fund

General American Investors

Gabelli Global Small and Mid Cap Value Trust

Eagle Capital Growth Fund Inc

Gabelli Healthcare & Wellness Trust

abrdn Healthcare Investors 

India Fund Inc

Morgan Stanley India Investment Fund Inc

Mexico Fund

PIMCO Energy and Tactical Credit Opportunities Fund

Income Portfolio - 38 CEFs Worth Exploring

Cohen & Steers Infrastructure Fund Inc

If there's one thing we need to remember when we buy high-yield closed-end funds (CEFs), it's this: always demand a discount.

These 9%-Paying Funds Are ‘Must Buys' Today

RYE, N.Y., Aug. 25, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of October, November, and December 2023.

Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 Per Share

Gabelli Dividend & Income Trust is a diversified, closed-end management investment fund. This is a fund that has a solid mix of securities but, unfortunately, has lagged behind its peers. GDV's ability to maintain this distribution level in the future could be a potential concern, given the upcoming volatility I expect in the months ahead.

GDV: A Seasoned Team But Not The Right Season To Buy

We're halfway through 2023, and many closed-end funds (CEFs) have ridden this year's market updraft while delivering huge dividends.

Investing For Safe 6%+ Dividends For The Rest Of 2023

For retired investors, preferred shares provide income with a higher level of safety. Closed-end Funds (or "CEFs") offer several additional features that enhance their safety while allowing for generous yields.

Retirement: 2 Great Preferred Stocks For Safer Income

GDV is a fairly plain equity fund investing in value-oriented sectors. Its financial exposure is primarily tilted toward large banks and institutions; however, it also carries some exposure to regional banks.

GDV: Steady Distribution Rate And Discounted

GDV invests in dividend-paying equities and income-generating securities. The fund pays a generous 6.1% forward yield.

News for Gabelli Dividend & Income Trust ETF (GDV)