Gabelli Utility Trust (GUT) Receiving Somewhat Favorable Press Coverage, Report Finds
Press coverage about Gabelli Utility Trust (NYSE:GUT) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gabelli Utility Trust earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 47.8052736416808 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Gabelli Utility Trust (GUT) traded up $0.03 during trading hours on Thursday, reaching $7.08. 54,600 shares of the company’s stock traded hands, compared to its average volume of 69,412. Gabelli Utility Trust has a 52-week low of $6.10 and a 52-week high of $7.20.
The company also recently announced a monthly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 15th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.47%.
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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