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

The Gabelli Equity Trust Inc. (NYSE:GAB) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given 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 yield of 10.86%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Equity Trust Stock Performance

Shares of GAB stock opened at $5.53 on Friday. The Gabelli Equity Trust has a 12-month low of $4.95 and a 12-month high of $5.74. The firm’s 50 day moving average is $5.46 and its 200 day moving average is $5.42.

About The Gabelli Equity Trust

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.