The Gabelli Equity Trust Inc. (NYSE:GAB – Get Free Report) declared a quarterly dividend on Thursday, February 13th, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.15 per share by the financial services provider on Monday, March 24th. This represents a $0.60 dividend on an annualized basis and a yield of 10.92%. The ex-dividend date is Monday, March 17th.
The Gabelli Equity Trust has decreased its dividend payment by an average of 19.5% per year over the last three years.
The Gabelli Equity Trust Stock Up 0.6 %
Shares of GAB opened at $5.50 on Friday. The Gabelli Equity Trust has a 52-week low of $5.09 and a 52-week high of $5.85. The stock has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $5.52.
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.
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