On 3/15/13, Gabelli Dividend & Income Trust’s 6.00% Series D Cumulative Preferred Shares (NYSE: GDV.PRD) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 3/26/13. As a percentage of GDV.PRD‘s recent share price of $28.15, this dividend works out to approximately 1.33%, so look for shares of GDV.PRD to trade 1.33% lower ? all else being equal ? when GDV.PRD shares open for trading on 3/15/13. On an annualized basis, the current yield is approximately 5.33%, which compares to an average yield of 3.08% in the “ETFs & CEFs” preferred stock category, according to Preferred Stock Channel.
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Source: FULL ARTICLE at Forbes Markets