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

Gabelli Equity Trust Inc. (NYSE:GAB) announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Monday, June 15th.

Gabelli Equity Trust Price Performance

GAB traded down $0.02 during midday trading on Wednesday, hitting $5.57. 1,062,348 shares of the company were exchanged, compared to its average volume of 1,096,413. The company’s 50 day simple moving average is $5.64 and its 200 day simple moving average is $5.96. Gabelli Equity Trust has a 1-year low of $5.28 and a 1-year 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.