Gabelli Equity Trust's Series K Preferred Stock Yield Pushes Past 6.5%

Gabelli Equity Trust’s 5.00% Series K preferred (GAB.PRK) is trading with a dividend-implied yield above 6.5%, annualizing the quarterly payout to $1.25. Shares changed hands down to $19.11 during Thursday’s trading. Overall, this is a yield/price snapshot rather than a new fundamental or earnings catalyst.

Analysis

Gabelli Equity Trust’s 5.00% Series K preferred (GAB.PRK) is trading with a dividend-implied yield above 6.5%, annualizing the quarterly payout to $1.25. Shares changed hands down to $19.11 during Thursday’s trading. Overall, this is a yield/price snapshot rather than a new fundamental or earnings catalyst.