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

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Gabelli Dividend & Income Trust's 4.25% Series K Cumulative Preferred Shares (GDV.PRK) yielded above 6% on Tuesday, trading as low as $17.43. This yield is compared to an average of 6.38% in the preferred stock category. GDV.PRK is at a 28.84% discount to its liquidation preference, while the average discount is 18.00%. On the day, GDV.PRK was down 1.6%, whereas common shares (GDV) rose 0.5%.
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