The Gabelli Equity Trust Inc. (NYSE:GAB) declared a $0.14 per share cash distribution payable on September 23, 2011 to common stock shareholders of record on September 16, 2011. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Directors. Under the Fund's current distribution policy, the Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code, whichever is greater.
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(GAB, CLF, A, CLNO) Stock in Review by CRWEWallStreet.com
August 20th, 2011 at 01:24 pm