On 6/17/14, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 6/26/14. As a percentage of GAB.PRH's recent share price of $23.56, this dividend works out to approximately 1.33%, so look for shares of GAB.PRH to trade 1.33% lower - all else being equal - when GAB.PRH shares open for trading on 6/17/14. On an annualized basis, the current yield is approximately 5.31%, which compares to an average yield of 4.48% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of GAB.PRH shares, versus GAB:
Below is a dividend history chart for GAB.PRH, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock :
In Friday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) is currently trading flat on the day, while the common shares (Symbol: GAB) are trading flat.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
