In trading on Wednesday, Gabelli Dividend & Income Trust’s 5.375% Series H Cumulative Preferred Shares (GDV.PRH) yielded over 6.5%, reaching lows of $20.65 per share. The annualized dividend stands at $1.3436, contrasting with the average yield of 6.67% for preferred stocks in the “ETFs & CEFs” category, according to Preferred Stock Channel. Currently, GDV.PRH is trading at a 16.44% discount to its liquidation preference, compared to an average discount of 21.76% in the same category.
As of the last close, GDV.PRH is down approximately 0.7% for the day, while the common shares (GDV) have risen by about 0.3%.
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