Gabelli Equity Trust (Gabelli Equity Trust) Dividend Yield % : 4.40% (As of May. 13, 2024)

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What is Gabelli Equity Trust Dividend Yield %?

As of today (2024-05-13), the Trailing Annual Dividend Yield of Gabelli Equity Trust is 4.40%.

The historical rank and industry rank for Gabelli Equity Trust's Dividend Yield % or its related term are showing as below:

GABpG.PFD' s Dividend Yield % Range Over the Past 10 Years
Min: 2.41 Med: 10.33 Max: 15.92
Current: 4.4

During the past 8 years, the highest Dividend Yield of Gabelli Equity Trust was 15.92%. The lowest was 2.41%. And the median was 10.33%.

GABpG.PFD's Dividend Yield % is ranked better than
87.36% of 1218 companies
in the Asset Management industry
Industry Median: 5.535 vs GABpG.PFD: 4.40

Gabelli Equity Trust's Dividend Payout Ratio for the six months ended in Dec. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Gabelli Equity Trust Inc is 0.80, which seems too high.

During the past 8 years, the highest Dividend Payout Ratio of Gabelli Equity Trust was 0.94. The lowest was 0.11. And the median was 0.47.

As of today (2024-05-13), the Forward Dividend Yield % of Gabelli Equity Trust is 5.87%.

Gabelli Equity Trust's Dividends per Share for the six months ended in Dec. 2023 was $0.00.

During the past 5 years, the average Dividends Per Share Growth Rate was -0.80% per year.

During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of Gabelli Equity Trust was 55.40% per year. The lowest was -0.50% per year. And the median was 27.45% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Gabelli Equity Trust Dividend Yield % Historical Data

The historical data trend for Gabelli Equity Trust's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gabelli Equity Trust Dividend Yield % Chart

Gabelli Equity Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Yield %

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Gabelli Equity Trust Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Yield %	Get a 7-Day Free Trial									-	-	-	-	-

Competitive Comparison of Gabelli Equity Trust's Dividend Yield %

For the Asset Management subindustry, Gabelli Equity Trust's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gabelli Equity Trust's Dividend Yield % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gabelli Equity Trust's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Gabelli Equity Trust's Dividend Yield % falls into.

Gabelli Equity Trust Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Gabelli Equity Trust Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
USD 0.312500	2023-12-15	2023-12-18	2023-12-26	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.312500	2023-09-18	2023-09-19	2023-09-26	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.312500	2023-06-15	2023-06-16	2023-06-26	Cash Dividend	quarterly	USD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Gabelli Equity Trust's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield	=	Most Recent Full Year Dividend	/	Current Share Price
	=	0.9375	/	21.29
	=	4.40 %

Current Share Price is $21.29.
Gabelli Equity Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.9375.

Gabelli Equity Trust's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield	=	Forward Full Year Dividend	/	Current Share Price
	=	1.25	/	21.29
	=	5.87 %

Current Share Price is $21.29.
Gabelli Equity Trust's Dividends per Share for the forward twelve months is calculated as $0.3125 * 4 = $1.25.

Gabelli Equity Trust (NYSE:GABpG.PFD) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

Gabelli Equity Trust Dividend Yield % Related Terms

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Gabelli Equity Trust (Gabelli Equity Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Equity Trust Inc (NYSE:GABpG.PFD) » Definitions » Dividend Yield %

Comparable Companies

Traded in Other Exchanges

GABpK.PFD:USA GABpH.PFD:USA GAB:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is long-term growth of capital with income as a secondary objective. The Fund invests at least 80% of its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, and Consumer Services accounts for the majority weightage.