Gabelli Equity Trust Inc (GAB) Raises Dividend to $0.19 Per Share
Gabelli Equity Trust Inc (NYSE:GAB) announced a quarterly dividend on Monday, November 19th, Wall Street Journal reports. Shareholders of record on Friday, December 7th will be paid a dividend of 0.19 per share by the financial services provider on Friday, December 14th. This represents a $0.76 annualized dividend and a dividend yield of 12.65%. The ex-dividend date of this dividend is Thursday, December 6th. This is a positive change from Gabelli Equity Trust’s previous quarterly dividend of $0.15.
Gabelli Equity Trust has decreased its dividend payment by an average of 10.4% annually over the last three years.
Shares of Gabelli Equity Trust stock traded down $0.04 on Monday, hitting $6.01. 750,084 shares of the company’s stock traded hands, compared to its average volume of 586,995. Gabelli Equity Trust has a one year low of $5.62 and a one year high of $6.65.
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.
Featured Article: Terms to Better Understand Call Options
Receive News & Ratings for Gabelli Equity Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gabelli Equity Trust and related companies with MarketBeat.com's FREE daily email newsletter.