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

The Gabelli Equity Trust Inc. (NYSE:GAB) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.15 per share by the financial services provider on Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 10.89%. The ex-dividend date is Friday, December 13th.

The Gabelli Equity Trust Price Performance

GAB stock remained flat at $5.51 during trading on Friday. 608,277 shares of the company’s stock were exchanged, compared to its average volume of 573,546. The company has a fifty day moving average of $5.46 and a two-hundred day moving average of $5.42. The Gabelli Equity Trust has a 52-week low of $4.95 and a 52-week high of $5.74.

The Gabelli Equity Trust Company Profile

The Gabelli Equity Trust Inc is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights.