Gabelli Equity Trust Inc. (NYSE:GAB – Get Free Report) declared a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.15 per share by the financial services provider on Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Wednesday, September 16th.
Gabelli Equity Trust Stock Performance
Gabelli Equity Trust stock opened at $5.82 on Thursday. The company’s 50-day moving average price is $5.62 and its 200-day moving average price is $5.73. Gabelli Equity Trust has a twelve month low of $5.28 and a twelve month high of $6.37.
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.
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