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The Gabelli Equity Trust Inc. (GAB)

NYSE - NYSE Delayed Price. Currency in USD
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6.90-0.10 (-1.43%)
At close: 4:00PM EDT
6.90 0.00 (0.00%)
After hours: 04:42PM EDT
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  • A
    Anonymous
    Wow! A possible 17 or 18 cent payout coming up next in December. The year's ending NAV avg. adds up to 62.9 cents (if I did my quick math correctly and if GAB does not adjust for the rights offerings that occurred earlier this year) Since we already got .15, .15, and .15 the last 3 quarters of THIS year then that could mean that on December 23 or 24 (in 3 more months from now) there is a good possibility of 62.9 cents less the 45 cents already paid out so the new 4th quarter payout COULD BE 17 or 18 cents. Anyone, please feel free to correct my notes here. The LAST 4 QUARTERS of NAV starting back at Dec 31st came out at 5.86, 6.29, 6.67 and 6.34 today. That totals up with taking 10% required min distribution to be $0.629 or = 62 or 63 cents for the year needed to be given by this Dec. (less the 45 cents as mentioned that we already received) Who knows how the retail closing price (currently at $6.65 today 9/3021) will hold up in October and November, December to come, but as 1 recent post (JOHN) pointed out, that GAB yields 9% at 6.66/share and NOW appears that it will be at 9.3% or 9.4% yield at 6.66 price if GAB does a 17 or 18 cent payout in December. Best wishes to all (long or short ) depending on your tolerance/investing strategy for the next 3 months... M. (note that I always sign as M. under the Anonymous logo as there are various signers also using the anonymous logo.) Again, good wishes to all.
  • J
    John
    At $6.6666 per shares GAB yields 9%. That 60 cent dividend is sacred and should be counted on.
    Mario would not cut it. Buy at 6.66 and you have a rock solid great yield.
  • J
    John
    For the Dec. distribution, my estimate is 15 cents. More 16 or 17 would be great and benefit we shareholders, but don't think it will happen. My guess is 15 cents on Dec. 23rd.
    Neutral
  • L
    Linda
    What's happening???
  • a
    alan
    oh yes!! Harold also. LOVES. MARIO , MARIO BOOKED MY LAST TRIP TO. ITALY !!
    Bullish
  • A
    Anonymous
    Yes!... $0.15 payout (like clockwork) is here! Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.15 Per Share
    Thu, August 19, 2021, 6:00 AM
    RYE, N.Y., August 19, 2021--(BUSINESS WIRE)--The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed its 10% distribution policy and declared a $0.15 per share cash distribution payable on September 23, 2021 to common stock shareholders of record on September 16, 2021. ... M (signs always with M. under the anonymous logo)
  • a
    alan
    HAROLD owned. GAB. feel. confidant !
    Bullish
  • S
    Sparty
    This will hit $6.58 before it thinks about going up again
  • A
    Anonymous
    Good or Bad ? A new RIGHTS OFFERING is here. Gabelli Equity Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
    Wed, May 19, 2021, 5:45 PM
    The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") has approved a transferable rights offering which would allow the Fund’s record date common shareholders to acquire additional shares of common stock (the "Offering"). The Offering will be made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities.

    SUMMARY OF THE TERMS OF THE OFFERING

    Each shareholder will receive one transferable right (the "Right") for each share of common stock held on the record date (June 2, 2021).

    Ten Rights plus $5.50 (the "Subscription Price") will be required to purchase one additional share of common stock (the "Primary Subscription"). The purchase price will be payable in cash. ...M..(signs in as anonymous)
  • s
    sam
    Has anyone actually received their rights offering shares? I called the brokers thru etrade and they made the transaction over a week ago telling me that “it takes time”- but would not be specific. Meanwhile still no real shares to show for it
  • B
    Barbara Dunlap
    So long as you get 10% distributions or more depending on price of fund why change Plus you get the benefit of market increase value Relax and let Mario work his magic
  • A
    Anonymous
    Great Start...15 cents 1st qrt. payout announced this a.m.
    Gabelli Equity Trust Reaffirms Its 10% Distribution Policy and Declares First Quarter Distribution of $0.15 Per Share
    Business Wire Business Wire•February 12, 2020
    The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed its 10% distribution policy and declared a $0.15 per share cash distribution payable on March 24, 2020 to common stock shareholders of record on March 17, 2020. .......M.
  • J
    John
    GAB paying 15 cents June 23rd, ex-date is June 15th.
    https://finance.yahoo.com/news/gabelli-equity-trust-10-distribution-132000748.html '
    This is a link to the formal announcement which details facts about the possibility of GAB might now pay 15 cents in Dec. Fund is full of quality stocks and now is the time to buy.
    Bullish
  • J
    John
    I'm predicting another rights offering by Mario. GAB is paying out too much in dividends and need to replenish the fund. Plus stock price is above the net asset value. Rights offering before December.
  • A
    Anonymous
    Announcement this A.M. ....Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.15 Per Share
    Fri, November 13, 2020, 6:15 AM MST
    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 distribution payable on December 18, 2020 to common stock shareholders of record on December 11, 2020. With this fourth quarter distribution, the total distributions from the Fund for 2020 would equate to $0.60 per share.

    The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. We note that 10% of the average net asset value of the Fund would be $0.48 based on the ending net asset values per share as of December 31, 2019, March 31, 2020, June 30, 2020, and September 30, 2020 of $5.88, $3.87, $4.60, and $4.99, respectively. In declaring a distribution of $0.15 per share, the Board of Directors has chosen to distribute $0.12 greater than that called for by the distribution policy. The net asset value per share fluctuates daily.

    So congrats to all the long term holders of GAB and to those who guessed a full 15 cents for this payout to come Dec. 18th. I personally guessed wrongly with a much lower estimate of 12 cents since they only needed to pay just over 3 cents required minimum but GAB board possibly is going to pay out a large return of capital in order to make that payment of 15 cents. With over 100 institutions following and investing in GAB, it seems that GAB board did not want to disappoint their followers including the regular crowd to traders and investors.....M.... aka Anonymous
  • A
    Anonymous
    Good News Posted: Gabelli Equity Trust Reaffirms Its 10% Distribution Policy and Declares Third Quarter Distribution of $0.15 Per Share. -
    August 22, 2019--The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed its 10% distribution policy and declared a $0.15 per share cash distribution payable on September 23, 2019 to common stock shareholders of record on September 16, 2019. .....M.
  • B
    Bryan
    did anyone else get a equal amount of shares of GAB/R that match their GAB holding @ 15 cents today?
  • T
    THB
    Can someone outline the steps needed to exercise these right offering.
    I hold GAB in my Fidelity and Schwab accounts and have no clue how to proceed next.
    Thanks,
  • A
    Anonymous
    GAB possible rights offering may be coming soon (as predicted by John months ago). So far the date, price and # of shares per right (ie. ratio ) needed is not stated at this time of my posting. Here is the S.E.C. url to check it out. Stay tuned....... M. aka anonymous https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=14583457&RcvdDate=12/28/2020&CoName=GABELLI%20EQUITY%20TRUST%20INC&FormType=N-2ASR&View=html
  • A
    Anonymous
    Finally announced.... 15 cent 1st qrty. dividend. Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.15 Per Share
    Thu, February 25, 2021, 8:03 AM
    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 distribution payable on March 24, 2021 to common stock shareholders of record on March 17, 2021. M....aka anonymous
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