Gabelli Equity Trust Inc. (NYSE:GAB – Get Free Report) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.15 per share by the financial services provider on Friday, December 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Friday, December 11th.
Gabelli Equity Trust Price Performance
NYSE GAB opened at $5.42 on Thursday. Gabelli Equity Trust has a 12-month low of $5.09 and a 12-month high of $6.37. The firm has a 50-day moving average price of $5.32 and a two-hundred day moving average price of $5.62.
About Gabelli Equity Trust
Gabelli Equity Trust Inc. is a diversified, closed-end management investment company. It seeks long-term growth of capital, with income as a secondary objective, by investing primarily in equity securities of companies across a range of industries. The fund is managed by Gabelli Funds, LLC, an affiliate of GAMCO Investors. Its portfolio may include investments in companies in the United States and other markets, and the fund may use leverage as part of its investment strategy.
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