Gabelli Equity Trust Inc. (NYSE:GAB) to Issue Quarterly Dividend of $0.15

Gabelli Equity Trust Inc. (NYSE:GAB) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.15 per share by the financial services provider on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Wednesday, September 16th.

Gabelli Equity Trust Price Performance

NYSE GAB opened at $5.82 on Thursday. Gabelli Equity Trust has a 12 month low of $5.28 and a 12 month high of $6.37. The stock has a 50 day moving average of $5.62 and a 200-day moving average of $5.73.

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.