The Gabelli Equity Trust Inc. (GAB)
| Market Value | 1.62B |
| Revenue (ttm) | 33.55M |
| Net Income (ttm) | 127.99M |
| Shares Out | 291.80M |
| EPS (ttm) | 0.42 |
| PE Ratio | 13.24 |
| Forward PE | n/a |
| Dividend | $0.60 (10.79%) |
| Ex-Dividend Date | Sep 16, 2024 |
| Volume | 585,732 |
| Open | 5.59 |
| Previous Close | 5.56 |
| Day's Range | 5.53 - 5.59 |
| 52-Week Range | 4.96 - 5.74 |
| Beta | 0.92 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About GAB
The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to crea... [Read more]
News
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 p...
GAB: Risks Abound For This Underperforming Equity CEF
The Gabelli Equity Trust offers a high 10.68% yield but has underperformed the S&P 500 and its peers over the past five years. The GAB closed-end fund's high yield raises concerns about potential dist...
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share
RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 p...
GAB: Moving This Equity CEF To Hold After The Run-Up (Rating Downgrade)
Gabelli Equity Trust was undervalued ten months ago and has outperformed since. Current market conditions with stretched valuations make it a hold rather than a buy. GAB has shifted towards mid-cap st...
This Huge 11% Dividend Is Perfect For This ‘Naysayer's Market'
There are three very clear signs the stock-market bull will keep stampeding. Let's dive into them, then talk about two discounted funds set to ride those gains (and pay us rich dividends up to 11.4% i...
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.15 Per Share
RYE, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 pe...
GAB: Managed Minimum 10% Distribution Rate Out Of Equities
GAB is currently trading at a slight discount, making it a more attractive candidate than our previous update. More patient investors could still yet be likely to look for a deeper discount on this fu...
Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per Share
RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 p...
Gabelli Equity Trust Extends Expiration Date of Tender Offer to January 5, 2024 for Series C and Series E Auction Rate Preferred Stock
RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE: GAB) (the “Fund”) has extended the expiration date of the tender offer (the “Offer”) for all...
Gabelli Equity Trust Commences Tender Offer for Series C and Series E Auction Rate Preferred Stock
RYE, N.Y., Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE: GAB) (the “Fund”) has authorized a tender offer (the “Offer”) for all of the Fund's outstand...
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share
RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 p...
GAB: Multi-Year Lows In The Premium For This Equity CEF
Gabelli Equity Trust is an equity closed-end fund focused on long-term capital growth with income as a secondary objective. The fund seeks undervalued companies with above-average growth potential. GA...
GAB And USA: The Results After Making A Swap
The swap between Gabelli Equity and Liberty All-Star Equity funds has proven successful for investors, with USA significantly outperforming on a total return basis. Both funds are now trading at simil...
The Month In Closed-End Funds: June 2023
In June, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with average returns of 3.57% for equity CEFs and 1.63% for fixed income CEFs. The Natural Resource...
GAB: A Solid CEF That Beat The Market Last Year, But An Expensive One
GAB: A Solid CEF That Beat The Market Last Year, But An Expensive One.
3 Clicks To A 12% Dividend (With Big Upside This Year)
A recent Bloomberg story, for example, said we'd need $3 million saved to clock out comfortably!
Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.15 Per Share
RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash dis...
GAB: Bullish On One Of The Best High-Yield Income Equity CEFs
GAB has outperformed equity CEF benchmarks over the past year. We like the fund for its differentiated exposure beyond S&P 500 companies including through some international stocks.
GAB: Despite 15% Price Loss, This High-Yielding CEF Isn't Undervalued
GAB's top investments are part of its portfolio for a very long time. During this period, these stocks were able to generate high price growth. High total return and consistent double-digit yield gene...
GAB: Premium Comes Down To A More Interesting Level
GAB's premium has come down, and USA has outperformed, as suggested could happen earlier this year. The overall equity decline and managed distribution make it an interesting income play.
Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.
This 3-Fund Portfolio Pays $5,000 Every Month
Thanks to the selloff, it's possible to buy closed-end funds (CEFs) at such high yields that we can do what seemed unthinkable just a few months ago.
GAB: Playing With Fire, USA A Worthwhile Swap Candidate
GAB continues to push to higher premiums since our previous update. USA is an attractive alternative if you must be in a 10% managed distribution plan.
GAB: Premium Is Too Stretched Now
GAB is now over an 18.5% premium, a significant leap higher from our previous update.