The Gabelli Utility Trust (NYSE:GUT – Get Free Report) announced a monthly dividend on Wednesday, May 13th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.05 per share by the investment management company on Wednesday, September 23rd. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Wednesday, September 16th.
The Gabelli Utility Trust Stock Up 0.2%
Shares of GUT stock opened at $6.43 on Monday. The company has a 50 day moving average price of $6.51 and a 200 day moving average price of $6.30. The Gabelli Utility Trust has a one year low of $5.42 and a one year high of $7.07.
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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