The Gabelli Dividend & Income Trust Approves Cash Distribution for the Month of July, August, and September 2017, Payable on July 24, 2017, August 24, 2017 and September 22, 2017
May 18, 2017 at 10:44 am EDT
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The Board of Trustees of The Gabelli Dividend & Income Trust 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 2017. The distribution for July 2017 will be payable on July 24, 2017 to common shareholders of record on July 17, 2017. The distribution for August 2017 will be payable on August 24, 2017 to common shareholders of record on August 17, 2017. The distribution for September 2017 will be payable on September 22, 2017 to common shareholders of record on September 15, 2017.
The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to seek a high level of total return with an emphasis on dividends and income. Under normal market conditions, the Fund invests at least 80% of its assets in dividend paying or other income-producing securities. In addition, under normal market conditions, at least 50% of the Fund's assets will consist of dividend paying equity securities. In making stock selections, the Fund's investment adviser looks for securities that have a superior yield and capital gains potential. The Fund invests in a range of sectors, including financial services, food and beverage, consumer products, cable and satellite, business services, paper and forest products, computer software and services, wireless communications, publishing, agriculture, building and construction, health care, broadcasting and others. The Fund's investment advisor is Gabelli Funds, LLC.
The Gabelli Dividend & Income Trust Approves Cash Distribution for the Month of July, August, and September 2017, Payable on July 24, 2017, August 24, 2017 and September 22, 2017