Last Chance to Buy Gabelli Equity Trust Stock to Receive the Upcoming Dividend

Gabelli Equity Trust (GAB_pk) 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 dividend is expected to be payed on Mar 27, 2023, and represents an approximate yield of 5.53%. To receive the dividend, investors and traders have to buy shares of GAB_pk 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 Ex-Dividend Date Explained

To determine whether or not an investor can expect to receive the Gabelli Equity Trust 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_pk 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 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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