On 6/17/14, Gabelli Equity Trust's Series G Cumulative Preferred Stock (GAB.PRG) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 6/26/14. As a percentage of GAB.PRG's recent share price of $22.77, this dividend works out to approximately 1.37%, so look for shares of GAB.PRG to trade 1.37% lower — all else being equal — when GAB.PRG shares open for trading on 6/17/14. On an annualized basis, the current yield is approximately 5.46%, which compares to an average yield of 4.48% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Gabelli Equity Trust's Series G Cumulative Preferred Stock
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