Gabelli Dividend & Income Trust's Series K Preferred Shares Cross 6% Yield Mark

Gabelli Dividend & Income Trust's 4.25% Series K preferred shares were yielding above 6% on Tuesday, based on an annualized dividend of $1.0624 and a low trade of $17.43. The note is primarily a yield update rather than a catalyst, highlighting income attractiveness and price levels for the preferred security.

Analysis

Gabelli Dividend & Income Trust's 4.25% Series K preferred shares were yielding above 6% on Tuesday, based on an annualized dividend of $1.0624 and a low trade of $17.43. The note is primarily a yield update rather than a catalyst, highlighting income attractiveness and price levels for the preferred security.