Gabelli Equity Trust Inc. (GAB) to Issue Quarterly Dividend of $0.15 on March 24th

Gabelli Equity Trust Inc. (NYSE:GAB) declared a quarterly dividend on Wednesday, February 11th. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.15 per share by the financial services provider on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Tuesday, March 17th.

Gabelli Equity Trust Price Performance

GAB opened at $6.29 on Friday. The business’s 50-day moving average price is $6.15 and its two-hundred day moving average price is $6.08. Gabelli Equity Trust has a 1 year low of $4.50 and a 1 year high of $6.35.

Insider Buying and Selling

In other news, insider Mario J. Gabelli purchased 500,000 shares of Gabelli Equity Trust stock in a transaction on Friday, December 26th. The stock was purchased at an average price of $10.00 per share, with a total value of $5,000,000.00. Following the transaction, the insider directly owned 500,000 shares in the company, valued at $5,000,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

Institutional Trading of Gabelli Equity Trust

A number of institutional investors have recently made changes to their positions in the business. Huntington National Bank acquired a new position in Gabelli Equity Trust during the third quarter valued at approximately $30,000. Flagship Harbor Advisors LLC bought a new stake in shares of Gabelli Equity Trust during the 4th quarter worth approximately $30,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Gabelli Equity Trust during the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. boosted its holdings in shares of Gabelli Equity Trust by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,100 shares of the financial services provider’s stock valued at $30,000 after buying an additional 3,400 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Gabelli Equity Trust in the third quarter valued at $34,000. Institutional investors own 7.24% of the company’s stock.

About Gabelli Equity Trust

Gabelli Equity Trust, Inc (NYSE: GAB) is a closed-end management investment company focused on generating long-term capital appreciation through an actively managed portfolio of primarily U.S.-listed equity securities. Incorporated in Delaware, the Trust pursues a value-oriented approach, leveraging intensive fundamental research to identify small- and mid-cap companies with growth potential and favorable valuation metrics.

Since its initial public offering in 1977, the Trust has invested across a range of sectors, including consumer staples, financial services, industrials and technology, aiming to construct a high-conviction portfolio of companies expected to outperform over time.