Gabelli Utility Trust (GUT) To Go Ex-Dividend on September 14th
Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Friday, May 19th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.05 per share by the investment management company on Friday, September 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of Gabelli Utility Trust (GUT) opened at 7.04 on Wednesday. Gabelli Utility Trust has a 52 week low of $6.05 and a 52 week high of $7.17. The company has a 50-day moving average price of $7.03 and a 200-day moving average price of $6.86.
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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 will invest 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 (the 80% Policy).
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