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

The Gabelli Equity Trust Inc. (NYSE:GAB) announced a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders 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 dividend yield of 10.89%. The ex-dividend date is Friday, December 13th.

The Gabelli Equity Trust Stock Performance

NYSE GAB remained flat at $5.51 during trading hours on Friday. The company had a trading volume of 608,277 shares, compared to its average volume of 573,449. The stock has a 50-day simple moving average of $5.46 and a 200 day simple moving average of $5.42. The Gabelli Equity Trust has a 1 year low of $4.95 and a 1 year high of $5.74.

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.