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Gabelli Equity Trust's Preferred Shares Set to Trade Ex-Dividend

Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock will trade ex-dividend on 3/19/25. Investors should be aware of potential price movements due to the dividend announcement.

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AI Rating:   6
Dividend Payment Impact
Gabelli Equity Trust's 5.00% Series K Cumulative Preferred Stock (GAB.PRK) will trade ex-dividend for its quarterly payment of $0.3125. This dividend represents approximately 1.46% of GAB.PRK's recent share price of $21.45, indicating a predictable decrease in share price by roughly the same percentage when trading resumes on 3/19/25, assuming no other market factors come into play.

The annualized yield of approximately 5.81% for GAB.PRK is slightly above the average yield of 5.74% for preferred stocks in the ETFs & CEFs category, which can imply a positive sentiment for income-focused investors. This could enhance demand for GAB.PRK shares despite the expected drop due to the ex-dividend date.

As the shares were reported to be down about 0.3% on the trading day, this minor dip may suggest stable investor expectations, correlating with the ongoing performance of the preferred stocks in the index. The common shares of Gabelli Equity Trust (GAB) showed an increase of 0.2%, indicating that the overall sentiment around the company is moderately positive. However, careful monitoring of performance around the ex-dividend date is advised, as a potential decline could occur right before and just after this date due to usual trading behavior associated with dividends.
Stocks:  GAB.PRK GAB