Gabelli Dividend & Income Fund Hits Record $30.17

Gabelli Dividend & Income (GDV) shares hit an all-time high of $30.17, marking a significant milestone for the investment fund. The stock rose over 33% in July, with a one-year total return of 22.3%, offering a 6% dividend yield and trading at a price-to-earnings ratio of 6.3 times. The fund has maintained dividends for 23 consecutive years. The trust's board approved monthly cash distributions of $0.15 per share for July, August, and September 2026, raising the annual distribution to $1.80 per share, a 7% increase from previous levels.