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Gabelli Dividend & Income Trust's Series A Preferred Shares Cross 5.5% Yield Mark

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Shutterstock photo

Shutterstock photo

In trading on Wednesday, shares of Gabelli Dividend & Income Trust's 5.875% Series A Cumulative Preferred Shares (Symbol: GDV.PRA) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $26.58 on the day. This compares to an average yield of 4.99% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . As of last close, GDV.PRA was trading at a 6.96% premium to its liquidation preference amount, versus the average premium of 3.38% in the "ETFs & CEFs" category.

The chart below shows the one year performance of GDV.PRA shares, versus GDV:

Performance Comparison Chart

Below is a dividend history chart for GDV.PRA, showing historical dividend payments on Gabelli Dividend & Income Trust's 5.875% Series A Cumulative Preferred Shares:

GDV.PRA+Dividend+History+Chart

In Wednesday trading, Gabelli Dividend & Income Trust's 5.875% Series A Cumulative Preferred Shares (Symbol: GDV.PRA) is currently up about 0.7% on the day, while the common shares (Symbol: GDV) are up about 0.2%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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GDV.PRA GDV

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