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

The Gabelli Equity Trust Inc. (NYSE:GAB) announced a quarterly dividend on Friday, August 23rd, NASDAQ reports. Investors 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 annualized dividend and a dividend yield of 10.93%. The ex-dividend date is Monday, September 16th.

The Gabelli Equity Trust Price Performance

The Gabelli Equity Trust stock opened at $5.49 on Friday. The Gabelli Equity Trust has a fifty-two week low of $4.56 and a fifty-two week high of $5.74. The firm has a fifty day moving average price of $5.40 and a two-hundred day moving average price of $5.41.

Insider Transactions at The Gabelli Equity Trust

In other The Gabelli Equity Trust news, insider Mario J. Gabelli bought 11,750 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average price of $100.00 per share, for a total transaction of $1,175,000.00. Following the purchase, the insider now directly owns 16,750 shares in the company, valued at $1,675,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by corporate insiders.

The Gabelli Equity Trust Company Profile

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.