Gabelli Dividend & Income Trust's 5.25% Series G Cumulative Preferred Shares Ex-Dividend Reminder - 9/17/21

By Preferred Stock Channel Staff, Wednesday, September 15, 1:31 PM ET

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On 9/17/21, Gabelli Dividend & Income Trust's 5.25% Series G Cumulative Preferred Shares (GDV.PRG) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 9/27/21. As a percentage of GDV.PRG's recent share price of $25.95, this dividend works out to approximately 1.26%, so look for shares of GDV.PRG to trade 1.26% lower — all else being equal — when GDV.PRG shares open for trading on 9/17/21. On an annualized basis, the current yield is approximately 5.07%, which compares to an average yield of 5.06% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel.

As of last close, GDV.PRG was trading at a 3.64% premium to its liquidation preference amount, versus the average premium of 4.92% in the "ETFs & CEFs" category. The chart below shows the one year performance of GDV.PRG shares, versus GDV:

Performance Comparison Chart

Below is a dividend history chart for GDV.PRG, showing historical dividends prior to the most recent $0.3281 on Gabelli Dividend & Income Trust's 5.25% Series G Cumulative Preferred Shares:

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In Wednesday trading, Gabelli Dividend & Income Trust's 5.25% Series G Cumulative Preferred Shares (GDV.PRG) is currently up about 0.1% on the day, while the common shares (NYSE:GDV) are up about 0.4%.

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Gabelli Dividend & Income Trust's 5.25% Series G Cumulative Preferred Shares Ex-Dividend Reminder - 9/17/21

Gabelli Dividend & Income Trust's 5.25% Series G Cumulative Preferred Shares Ex-Dividend Reminder - 9/17/21 | www.PreferredStockChannel.com