Gabelli Utility Trust Announces Monthly Dividend of $0.05 (GUT)
Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Monday, November 21st. Shareholders of record on Tuesday, January 17th will be given a dividend of 0.05 per share by the investment management company on Tuesday, January 24th. This represents a $0.60 annualized dividend and a yield of 9.82%. The ex-dividend date of this dividend is Thursday, January 12th.
Gabelli Utility Trust (NYSE:GUT) traded up 0.9753% during mid-day trading on Monday, reaching $6.1292. The company’s stock had a trading volume of 120,530 shares. Gabelli Utility Trust has a 52-week low of $5.43 and a 52-week high of $7.04. The firm has a 50 day moving average price of $6.54 and a 200 day moving average price of $6.63.
About Gabelli Utility Trust
The Gabelli Utility Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s primary objective is long term growth of capital and income. The Fund invests approximately 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services or equipment for the generation or distribution of electricity, gas, and water, and telecommunications services or infrastructure operations (approximately 80% Policy), may be changed without shareholder approval.
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