GDV - GDV: Discount Remains Wide Distribution Remains Steady
2024-05-02 13:50:34 ET
Summary
- The Gabelli Dividend & Income Trust is a diversified equity closed-end fund with a value-oriented approach.
- GDV consistently trades at a deep discount, but this discount has widened in recent years.
- GDV offers a steady monthly distribution to investors, and that looks set to continue, barring a long and drawn-out black swan event.
Written by Nick Ackerman, co-produced by Stanford Chemist.
The Gabelli Dividend & Income Trust (GDV) is a closed-end fund that provides investors with a diversified portfolio of equities. The fund has a mostly value-oriented approach, with financials and healthcare as its largest sector exposure. However, you will still see a couple of mega-cap growth names in its top holdings. This fund consistently trades at a deep discount, but over the last few years, this discount has become even wider....
GDV: Discount Remains Wide, Distribution Remains Steady