The Gabelli Utility Trust (NYSE:GUT – Get Free Report) announced a monthly dividend on Wednesday, May 13th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.05 per share by the investment management company on Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, August 17th.
The Gabelli Utility Trust Price Performance
Shares of NYSE:GUT opened at $6.27 on Friday. The company’s 50 day moving average is $6.08 and its two-hundred day moving average is $6.06. The Gabelli Utility Trust has a 52 week low of $5.30 and a 52 week high of $6.32.
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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