|Bid||0.00 x 900|
|Ask||20.55 x 800|
|Day's Range||20.42 - 20.64|
|52 Week Range||16.92 - 22.25|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||24.30|
|Forward Dividend & Yield||1.32 (6.44%)|
|1y Target Est||N/A|
The Board of Trustees of The Gabelli Dividend & Income Trust (GDV) (the “Fund”) has approved a transferable rights offering which would allow the Fund’s record date common shareholders to acquire additional common shares (the “Offering”). The Offering will be made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities. Each shareholder will receive one transferable right (the “Right”) for each common share held on the record date (October 7, 2019).
The Gabelli Dividend & Income Trust will redeem 50% of its outstanding Series E Auction Rate Preferred Shares .
Moody's Investors Service has assigned an Aa3 rating to 5.375% Series H fixed rate preferred shares issued by Gabelli Dividend & Income Trust (GDV or the "Fund"). Moody's also affirmed the Aa3 ratings on GDV's outstanding preferred shares. The Fund's leverage is expected to remain the same as the net proceeds from new preferred share offering will be used to redeem an equal amount of the Fund's outstanding Series E auction rate preferred shares.
The Board of Trustees of The Gabelli Dividend & Income Trust (GDV) (the “Fund”) is pleased to announce the pricing of an offering of two million 5.375% Series H Cumulative Preferred Shares (“Series H Preferred”) with an aggregate liquidation value of $50 million. The Series H Preferred is perpetual, non-callable for five years, and will have a liquidation preference of $25 per share. Shares of the Series H Preferred are expected to commence trading on the New York Stock Exchange under the symbol “GDV Pr H” within thirty days of the date of issuance.
The Board of Trustees of The Gabelli Dividend & Income Trust (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 2019. The distribution for July 2019 will be payable on July 24, 2019 to common shareholders of record on July 17, 2019.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Gabelli Dividend & Income Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.