Gabelli Dividend and Income Trust: A Discounted CEF Poised for Growth

The Gabelli Dividend and Income Trust (GDV) emphasizes total return, including capital appreciation and dividends. GDV is managed by a team led by Mario Gabelli. The fund invests in income and dividend producing assets. Normally at least 50% of the fund is invested in dividend paying equities. The fund takes a global approach, as it may invest up to 35% of total assets in non-U.S. securities. GDV currently pays a monthly distribution of $0.07 per share which equates to $0.84 annually. The price is very attractive right now, as the fund trades at a 13% discount to NAV. Gabelli and team primarily select large-cap value stocks for the fund. Currently more than 65% of assets are invested in large and giant-cap equities. 75% of assets are invested in domestic equities, 17% in foreign equities, and the remainder in other types of securities. Top 10 Holdings Name Symbol Percent of Assets... Read more

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