On 12/16/13, Gabelli Dividend & Income Trust's 6.00% Series D Cumulative Preferred Shares (GDV.PRD) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 12/26/13. As a percentage of GDV.PRD's recent share price of $25.26, this dividend works out to approximately 1.48%, so look for shares of GDV.PRD to trade 1.48% lower — all else being equal — when GDV.PRD shares open for trading on 12/16/13. On an annualized basis, the current yield is approximately 5.91%, which compares to an average yield of 3.50% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel.
Gabelli Dividend & Income Trust's 6.00% Series D Cumulative Preferred Shares Ex-Dividend Reminder - 12/16/13
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