Ex-Div Reminder for Gabelli Equity Trust's 5.45% Series J Cumulative Preferred Stock

On 9/17/21, Gabelli Equity Trust's 5.45% Series J Cumulative Preferred Stock (Symbol: GAB.PRJ) will trade ex-dividend, for its quarterly dividend of $0.3406, payable on 9/27/21. As a percentage of GAB.PRJ's recent share price of $26.52, this dividend works out to approximately 1.28%, so look for shares of GAB.PRJ to trade 1.28% lower — all else being equal — when GAB.PRJ shares open for trading on 9/17/21. On an annualized basis, the current yield is approximately 5.14%, which compares to an average yield of 5.06% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of GAB.PRJ shares, versus GAB:

Performance Comparison Chart

Below is a dividend history chart for GAB.PRJ, showing historical dividends prior to the most recent $0.3406 on Gabelli Equity Trust's 5.45% Series J Cumulative Preferred Stock :

GAB.PRJ+Dividend+History+Chart

In Wednesday trading, Gabelli Equity Trust's 5.45% Series J Cumulative Preferred Stock (Symbol: GAB.PRJ) is currently up about 0.2% on the day, while the common shares (Symbol: GAB) are off about 0.6%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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