GDV.PR.K: With Most Of The Curve Move Behind Us, This Is A Hold Now (Rating Downgrade) [Seeking Alpha]
Gabelli Dividend & Income Trust Common Shares of Beneficial Interest (GDV)
US:NYSE Investor Relations:
gabelli.com/funds/products/-114.html
Company Research
Source: Seeking Alpha
4.68K Follower s Follow Summary GDV.PR.K are preferred shares issued by Gabelli Dividend & Income Trust. The securities have a high duration, making them sensitive to interest rates. The share has recently outperformed the S&P 500 due to falling interest rates. I believe that most of the easy gains from falling rates are now behind us. Despite limited future price appreciation, GDV.PR.K offers a steady income stream. Trevor Williams Thesis In our CEF research and analysis, we sometimes write about the preferred shares issued by Clefs, which are a form of leverage. One of those securities is represented by the Gabelli Dividend & Income Trust ( GDV ) preferred equity, namely the preferred Series K ( NYSE: GDV.PR.K ). We covered this name earlier in the year when we re-iterated our 'Buy' rating on the name, highlighting how the preferred shares represented a rates play. As the yield curve shifted lower, the Series K delivered a high total return: Returns (Seeking Alp
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High impacting Gabelli Dividend & Income Trust Common Shares of Beneficial Interest news events
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GDV
News
- Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 Per ShareGlobeNewswire
- Gabelli Dividend & Income Trust Announces That GAMCO Investors, Inc. and Affiliates Purchased $107 million of Series M Cumulative PreferredGlobeNewswire
- GDV: Stable And Modest Distribution With Attractive Discount [Seeking Alpha]Seeking Alpha
GDV
Sec Filings
- 11/7/24 - Form SC
- 10/22/24 - Form D
- 10/18/24 - Form 4/A
- GDV's page on the SEC website