Gabelli Dividend & Income Trust (GDV) announced a monthly distribution increase from $0.11 in 2024 to $0.15 starting January 2026, representing a 36% rise and about a 6.3% annual yield. The fund, managed by Mario Gabelli's team, focuses on dividend-paying large-cap stocks, especially in financials, and uses leverage to boost income. While GDV has a strong history of consistent monthly payouts and insider buying, it carries a high 1.5% expense ratio and leverage risks, which can impact long-term returns compared to lower-cost index funds. The fund is attractive for retirees seeking steady income but may not suit younger investors prioritizing growth due to fees and potential volatility from leverage and discount fluctuations.
