Gabelli Equity Trust Inc. (NYSE:GAB – Get Free Report) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Monday, June 15th will be given a dividend of 0.15 per share by the financial services provider on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Monday, June 15th.
Gabelli Equity Trust Price Performance
NYSE GAB opened at $5.57 on Thursday. The business has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $5.95. Gabelli Equity Trust has a 52-week low of $5.28 and a 52-week high of $6.37.
Gabelli Equity Trust Company Profile
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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