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Gabelli Equity Income More Than Triples Monthly Distribution

GAMCO Investors  (NYSE: GBL  ) subsidiary Gabelli Equity Income Fund announced today it is more than tripling its monthly distribution to investors from the previous $0.03 per share it paid to $0.10 per share beginning in June.

The May distribution will remain at $0.03 per share and will be paid on May 29 to shareholders of record as of May 28. The Gabelli Equity Income Fund is managed by Gabelli Funds and distributed by G.distributors, LLC, all subsidiaries of GAMCO. Gabelli cautions the distribution rate should not be considered as dividend yield or the total return from an investment in the fund.

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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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