(GAB, CRWE, SCR, PFE) Stock Highlights by DrStockPick.com
(GAB, CLF, A, CLNO) Stock in Review by CRWEWallStreet.com
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.
Exchange traded funds (ETFs) and closed-end funds (CEFs) are composed of many different individual securities. This usually results in uneven dividend distributions. Some funds have tried to address this with a managed distribution policy. In short, a managed distribution policy is management’s commitment to make a fixed periodic dividend payment.