6.3% Monthly Yield, up 7% in 6 Months. Is There a Catch With This CEF?

A $0.15 monthly distribution on a fund trading near $28 works out to roughly 6.3% annualized yield, paid monthly. Gabelli Dividend & Income Trust (NYSE:GDV) has delivered that consistency for over two decades, with distributions rising from $0.11 per month in 2024 to $0.14 in 2025 to $0.15 starting January 2026. That is a 36% ... 6.3% Monthly Yield, up 7% in 6 Months. Is There a Catch With This CEF?