In trading on Friday, Gabelli Equity Trust’s 5.00% Series K Cumulative Preferred Stock (Symbol: GAB.PRK) yielded over 6%, with shares trading as low as $20.71. The annualized dividend is $1.25, while the average yield in the “ETFs & CEFs” preferred stock category stands at 6.24%. GAB.PRK is currently at a 16.40% discount to its liquidation preference amount, which is slightly better than the category average of 16.64%.
On the same day, GAB.PRK saw a minor decrease of 0.2%, whereas the common shares (Symbol: GAB) increased by 0.7%.
