The Gabelli Equity Trust Inc. (NYSE:GAB - Get Free Report) announced 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 annualized dividend and a yield of 10.65%. The ex-dividend date is Monday, March 17th.
The Gabelli Equity Trust has decreased its dividend payment by an average of 1.6% per year over the last three years.
The Gabelli Equity Trust Stock Up 0.8 %
Shares of NYSE GAB traded up $0.05 during mid-day trading on Wednesday, hitting $5.64. The company's stock had a trading volume of 413,053 shares, compared to its average volume of 444,759. The Gabelli Equity Trust has a one year low of $5.09 and a one year high of $5.85. The company's fifty day simple moving average is $5.50 and its 200-day simple moving average is $5.49.
The Gabelli Equity Trust Company Profile
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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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