In a buoyant trading session, Gabelli Equity Trust (GAB) stock achieved a new 52-week high, reaching a price level of $5.82. With a market capitalization of $1.69 billion, the fund offers an attractive dividend yield of 10.36% and has maintained dividend payments for 38 consecutive years, according to InvestingPro data. This milestone reflects a significant uptrend for the closed-end fund, which has delivered an impressive year-to-date return of 23.73%. Investors have shown increased confidence in the fund's performance, propelling the stock to this new high. The 52-week high serves as a testament to the fund's resilience and potential for growth in a dynamic market environment. InvestingPro analysis reveals several more key insights about GAB's financial health and growth prospects.
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