The Gabelli Utility Trust (NYSE:GUT – Get Free Report) announced a monthly dividend on Wednesday, August 12th. Shareholders of record on Friday, December 11th will be paid a dividend of 0.05 per share by the investment management company on Friday, December 18th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Friday, December 11th.
The Gabelli Utility Trust Price Performance
GUT opened at $6.50 on Thursday. The firm has a 50-day simple moving average of $6.48 and a two-hundred day simple moving average of $6.23. The Gabelli Utility Trust has a 52 week low of $5.42 and a 52 week high of $7.07.
About The Gabelli Utility Trust
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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