The Gabelli Dividend & Income Trust (NYSE:GDV) is a closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. The trust pursues its objectives by investing primarily in dividend-paying common stocks of U.S. and non-U.S. companies, complemented by fixed-income securities. Through a disciplined, value-oriented approach, the fund targets companies with strong balance sheets, sustainable dividend policies and attractive valuations.
Portfolio construction is driven by fundamental, bottom-up research conducted by the Gabelli Funds investment team. Equity selections span a range of sectors, with a focus on companies demonstrating consistent cash flow generation and a history of dividend growth. Fixed-income holdings may include investment-grade corporate bonds and government debt, providing additional diversification and income-enhancement to the overall portfolio.
The trust’s investment scope covers both domestic and developed international markets, allowing access to opportunities across North America, Europe and select Asia-Pacific regions. Sector allocation is determined by relative value considerations, with the flexibility to overweight or underweight industries based on market conditions and dividend yield potential. This global orientation helps balance income stability with prospects for long-term capital appreciation.
Launched in 2014, the Gabelli Dividend & Income Trust is managed by Gabelli Funds, LLC, a division of GAMCO Investors founded by veteran investor Mario J. Gabelli. Headquartered in Rye, New York, the firm leverages decades of investment experience and research capabilities to oversee the trust’s portfolio. Under the guidance of Mr. Gabelli and a seasoned team of portfolio managers and analysts, GDV seeks to deliver a combination of yield generation and disciplined risk management suited to income-oriented investors.
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