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Cash Dividend On The Way From Gabelli Equity Trust's Series G Cumulative Preferred Stock

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.

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

As of last close, GAB.PRG was trading at a 8.40% discount to its liquidation preference amount. The chart below shows the one year performance of GAB.PRG shares, versus GAB:

Performance Comparison Chart

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 :


In Friday trading, Gabelli Equity Trust's Series G Cumulative Preferred Stock (GAB.PRG) is currently off about 0.6% on the day, while the common shares (GAB) are down about 0.4%.

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