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

Gabelli Equity Trust Inc. (NYSE:GAB) announced a quarterly dividend on Wednesday, February 11th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.15 per share by the financial services provider on Tuesday, March 24th. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Tuesday, March 17th.

Gabelli Equity Trust Trading Up 0.6%

GAB opened at $6.33 on Thursday. The firm’s 50 day moving average is $6.15 and its 200-day moving average is $6.08. Gabelli Equity Trust has a 52-week low of $4.50 and a 52-week high of $6.34.

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.