Gabelli Equity Trust's Series H Preferred Stock Shares Cross 6.5% Yield Mark

In trading on Friday, shares of Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $19.18 on the day. This compares to an average yield of 6.67% in the "Investment Companies & Venture Capital" preferred stock category, according to Preferred Stock Channel. As of last close, GAB.PRH was trading at a 22.88% discount to its liquidation preference amount, versus the average discount of 16.76% in the "Investment Companies & Venture Capital" category.

The chart below shows the one year performance of GAB.PRH shares, versus GAB:

Below is a dividend history chart for GAB.PRH, showing historical dividend payments on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock :

In Friday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) is currently off about 0.4% on the day, while the common shares (Symbol: GAB) are trading flat.