Gabelli Equity Trust's Series H Preferred Stock Shares Cross 5% Yield Mark

In trading on Thursday, shares of Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock ( GAB.PRH) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $24.81 on the day. This compares to an average yield of 5.00% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, GAB.PRH was trading at a 0.36% premium to its liquidation preference amount, versus the average premium of 3.34% in the "ETFs & CEFs" category.

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The chart below shows the one year performance of GAB.PRH shares, versus GAB:

Performance Comparison Chart

Below is a dividend history chart for GAB.PRH, showing historical dividend payments on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock :

GAB.PRH+Dividend+History+Chart

In Thursday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock ( GAB.PRH) is currently off about 1% on the day, while the common shares ( GAB) are up about 0.9%.

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