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| Gabelli Equity Trust's Series G Cumulative Preferred Stock About To Put More Money In Your PocketBy Preferred Stock Channel Staff, Wednesday, December 13, 1:34 PM ET
On 12/15/23, Gabelli Equity Trust's Series G Cumulative Preferred Stock (NYSE:GAB.PRG) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/26/23. As a percentage of GAB.PRG's recent share price of $21.24, this dividend works out to approximately 1.47%, so look for shares of GAB.PRG to trade 1.47% lower — all else being equal — when GAB.PRG shares open for trading on 12/15/23. On an annualized basis, the current yield is approximately 5.89%, which compares to an average yield of 5.87% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, GAB.PRG was trading at a 15.16% discount to its liquidation preference amount. The chart below shows the one year performance of GAB.PRG shares, versus GAB:
Below is a dividend history chart for GAB.PRG, showing historical dividends prior to the most recent $0.3125 on Gabelli Equity Trust's Series G Cumulative Preferred Stock : Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Wednesday trading, Gabelli Equity Trust's Series G Cumulative Preferred Stock (NYSE:GAB.PRG) is currently up about 0.1% on the day, while the common shares (NYSE:GAB) are trading flat.
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