Gabelli Equity Trust's Series H Preferred Stock Shares Cross 6% Yield Mark

Gabelli Equity Trust's 5.00% Series H Cumulative Preferred (GAB.PRH) was yielding above 6% based on a $1.25 annualized dividend, with shares trading as low as $20.63 on Monday. The quoted price implies a cash yield just over 6% (≈6.06%), a datapoint relevant to income-focused investors but unlikely to move broader markets.

Analysis

Gabelli Equity Trust's 5.00% Series H Cumulative Preferred (GAB.PRH) was yielding above 6% based on a $1.25 annualized dividend, with shares trading as low as $20.63 on Monday. The quoted price implies a cash yield just over 6% (≈6.06%), a datapoint relevant to income-focused investors but unlikely to move broader markets.