Gabelli Equity Trust Dividend
Dividend criteria checks 3/6
Gabelli Equity Trust is a dividend paying company with a current yield of 11.19% that is well covered by earnings. Next payment date is on 26th June, 2024 with an ex-dividend date of 18th June, 2024.
Key information
11.2%
Dividend yield
86%
Payout ratio
| Industry average yield | 2.3% |
| Next dividend pay date | 26 Jun 24 |
| Ex dividend date | 18 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | US$0.72 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GAB.PRK's dividend payments have been volatile in the past 10 years.
Growing Dividend: GAB.PRK's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Gabelli Equity Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GAB.PRK) | 11.2% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Capital Markets) | 2.3% |
| Analyst forecast in 3 Years (GAB.PRK) | n/a |
Notable Dividend: GAB.PRK's dividend (11.19%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: GAB.PRK's dividend (11.19%) is in the top 25% of dividend payers in the US market (4.79%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (86.2%), GAB.PRK's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (122.4%), GAB.PRK's dividend payments are not well covered by cash flows.