Gabelli Equity Trust Inc. (GAB) to Issue Quarterly Dividend of $0.15 on September 23rd

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 of this dividend is Wednesday, September 16th.

Gabelli Equity Trust Trading Up 0.1%

Shares of NYSE:GAB opened at $5.83 on Friday. The firm’s 50 day simple moving average is $5.63 and its 200 day simple moving average is $5.73. Gabelli Equity Trust has a fifty-two week low of $5.28 and a fifty-two week high of $6.37.

About Gabelli Equity Trust

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.