Gabelli Equity Trust Inc (NYSE:GAB) Plans $0.15 Quarterly Dividend
Gabelli Equity Trust Inc (NYSE:GAB) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.15 per share by the financial services provider on Monday, September 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date is Friday, September 13th.
Shares of NYSE:GAB remained flat at $$6.15 on Wednesday. The stock had a trading volume of 5,597 shares, compared to its average volume of 602,746. The stock’s fifty day moving average is $6.07 and its 200-day moving average is $6.14. Gabelli Equity Trust has a twelve month low of $4.75 and a twelve month high of $6.64.
In other news, Director James P. Conn sold 29,001 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $5.98, for a total transaction of $173,425.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.
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.
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