Welcome to my second installment on "After Twenty Years of Divi-X, You Won't Believe It." In the first article, I covered the performance history of an "Ugly Duckling" using "Divi-X" over the last twenty years without reinvesting dividends. In this article, I cover the same "Ugly Duckling" (Gabelli Equity Trust, Inc.) with dividends reinvested for the last twenty years.
For those of you that haven't read my book, "The Dividend Times," I devoted an entire segment on 'Ugly Ducklings.' An 'Ugly Duckling,' as I define it, is any stock that has decreased significantly below your purchase price but turns into a beautiful swan because of the "Divi-X" System.
The "Ugly Duckling" that I will be focusing on, its share price is down over 40% over the last twenty years. Can you believe it? I, not too long ago, am also personally invested in this "Ugly Duckling." You can read about it here. That "Ugly Duckling" is Gabelli Equity Trust Inc (NYSE:GAB).
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Disclosure: I am/we are long GAB.