The Gabelli Equity Trust Inc. (NYSE:GAB) Plans Quarterly Dividend of $0.15

The Gabelli Equity Trust Inc. (NYSE:GAB) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.15 per share by the financial services provider on Friday, December 20th. This represents a $0.60 annualized dividend and a yield of 10.89%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Equity Trust Stock Performance

GAB remained flat at $5.51 during trading hours on Friday. 608,277 shares of the company were exchanged, compared to its average volume of 573,449. The business’s fifty day moving average price is $5.46 and its two-hundred day moving average price is $5.42. The Gabelli Equity Trust has a 1-year low of $4.95 and a 1-year high of $5.74.

About The Gabelli Equity Trust

The Gabelli Equity Trust Inc is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights.