Gabelli Equity Trust's Series G Cumulative Preferred Stock Yield Pushes Past 5.5%

By Preferred Stock Channel Staff, Friday, May 13, 2:22 PM ET

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In trading on Friday, shares of Gabelli Equity Trust's Series G Cumulative Preferred Stock (NYSE:GAB.PRG) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $22.61 on the day. This compares to an average yield of 5.60% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, GAB.PRG was trading at a 8.40% discount to its liquidation preference amount, versus the average discount of 5.57% in the "ETFs & CEFs" category.

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 dividend payments on Gabelli Equity Trust's Series G Cumulative Preferred Stock :

Free Report: Top 7%+ Dividends (paid monthly)

In Friday trading, Gabelli Equity Trust's Series G Cumulative Preferred Stock (NYSE:GAB.PRG) is currently up about 0.9% on the day, while the common shares (NYSE:GAB) are up about 1.9%.

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Gabelli Equity Trust's Series G Cumulative Preferred Stock Yield Pushes Past 5.5%

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