Vmbook Online ordering
Closed End Fund Equity
Gabelli Dividend Income Trust (ticker: GDV) is a closed-end investment company that aims to provide high level of current income and capital appreciation, by investing primarily in dividend paying equity securities of U.S. and non-U.S. companies. The company is managed by Gabelli Funds, LLC, which is a subsidiary of GAMCO Investors, Inc.
When it comes to key metrics, such as earnings and growth, it is important to note that as a closed-end fund, GDV's earnings are not the same as those of a typical operating company. Instead, the fund's earnings are derived from the dividends and interest it receives on its investments, as well as any capital gains it realizes from the sale of securities.
As of the most recent quarter, GDV's net investment income was $0.36 per share, representing a decrease of 3.1% compared to the same period in the previous year. The fund's net assets totaled $1.4 billion, with a net asset value (NAV) of $19.23 per share.
Regarding dividends, GDV pays a regular monthly distribution of $0.12 per share, which currently represents an annualized yield of approximately 6.5%. The company has consistently paid dividends since its inception in 2003.
In terms of growth, GDV's total returns have been relatively flat in recent years, with a 5-year annualized total return of -0.1% as of the most recent quarter. However, it is worth noting that the fund has outperformed its benchmark, the S&P 1500 Index, over the long term, with a 10-year annualized total return of 7.1% compared to 5.9% for the index.
In conclusion, Gabelli Dividend Income Trust (GDV) is a closed-end fund that aims to provide a high level of current income and capital appreciation by investing in dividend paying equity securities of U.S. and non-U.S. companies. The fund has a consistent dividend payment history and has outperformed its benchmark over the long term. However, the fund's earnings and total returns have been relatively flat in recent years. As with any investment, potential investors should carefully consider their own investment objectives, risk tolerance, and constraints before investing in GDV.