Last Chance to Buy Gabelli Equity Trust Inc Ph Pref Stock to Receive the Upcoming Dividend
Gabelli Equity Trust Inc Ph Pref (GAB_ph) stock goes ex-dividend on Mar 17, 2023 ahead of the upcoming cash dividend payment of $0.3125 per share. The $0.3125 per share Gabelli Equity Trust Inc Ph Pref dividend is expected to be payed on Mar 27, 2023, and represents an approximate yield of 5.58%. To receive the dividend, investors and traders have to buy shares of GAB_ph before the ex-dividend date. As explained below, buying a stock on the ex-dividend date is too late to get the next dividend payment of $0.3125 per share.
Gabelli Equity Trust Inc Ph Pref Ex-Dividend Date Explained
To determine whether or not an investor can expect to receive the Gabelli Equity Trust Inc Ph Pref dividend payment on Mar 27, 2023, they’ll need to look at two important dates – the “record date” or “date of record” and the “ex-dividend date” or “ex-date.” When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend. Once the company sets the record date, the ex-date is set based on stock exchange rules and other factors. The ex-dividend date for stocks is usually set one business day before the record date. If an investor buys GAB_ph stock on Mar 17, 2023 or after, they will not receive the next dividend payment on Mar 27, 2023. Instead, the seller will receive the dividend. If the investor purchases or owns Gabelli Equity Trust Inc Ph Pref stock today, before the ex-dividend date of Mar 17, 2023, they will get the dividend payment of $0.3125 per share on Mar 27, 2023.
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