The Gabelli Utility Trust (NYSE:GUT – Get Free Report) announced a monthly dividend on Wednesday, May 13th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.05 per share by the investment management company on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date is Friday, July 17th.
The Gabelli Utility Trust Price Performance
Shares of The Gabelli Utility Trust stock opened at $6.27 on Friday. The stock has a 50 day moving average price of $6.08 and a two-hundred day moving average price of $6.06. The Gabelli Utility Trust has a 52 week low of $5.30 and a 52 week high of $6.32.
The Gabelli Utility Trust Company Profile
The Gabelli Utility Trust (NYSE:GUT) is a closed-end management investment company that focuses on equity investments in the utilities sector. Established in 1989, the trust seeks to provide shareholders with a combination of monthly income and long-term capital appreciation by investing primarily in the common stocks of companies that own or operate regulated utility assets.
The trust’s portfolio typically includes holdings in electric, natural gas, water and pipeline transportation companies, with an emphasis on businesses that generate stable cash flows through regulated rate structures.
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