DividendMay 13, 2026, 01:30 PM
Gabelli Dividend & Income Trust Increases Annual Dividend 7% to $1.80
AI Summary
The Board of Trustees of The Gabelli Dividend & Income Trust approved a 7% increase in its annual distribution, raising it to $1.80 per share, to be paid monthly at $0.15 per share. The Fund declared fixed monthly cash distributions of $0.15 per share for July, August, and September 2026. The Board continues to evaluate potential strategic opportunities and will monitor the distribution level, with an adjusting distribution possible in December to satisfy minimum distribution requirements.
Key Highlights
- Annual distribution increased 7% to $1.80 per share, a 7% increase.
- Monthly cash distribution set at $0.15 per share.
- Distributions declared for July, August, and September 2026 at $0.15 per share.
- July 2026 distribution: Record Date July 17, Payable Date July 24.
- August 2026 distribution: Record Date August 17, Payable Date August 24.
- September 2026 distribution: Record Date September 16, Payable Date September 23.
- Estimated 2026 distributions: 7% from net investment income and 93% from net capital gains (book basis).
Price Impact
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