The Gabelli Utility Trust (NYSE:GUT) Announces $0.05 Monthly Dividend

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Thursday, August 21st. Shareholders of record on Thursday, November 13th will be paid a dividend of 0.05 per share by the investment management company on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Thursday, November 13th.

The Gabelli Utility Trust Price Performance

NYSE GUT opened at $6.10 on Tuesday. The stock has a fifty day moving average of $6.01 and a 200-day moving average of $5.83. The Gabelli Utility Trust has a 52 week low of $4.71 and a 52 week high of $6.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its position in The Gabelli Utility Trust by 1.0% during the 1st quarter. LPL Financial LLC now owns 958,433 shares of the investment management company’s stock worth $5,118,000 after buying an additional 9,819 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of The Gabelli Utility Trust by 38.6% in the 2nd quarter. Osaic Holdings Inc. now owns 272,910 shares of the investment management company’s stock valued at $1,583,000 after acquiring an additional 76,065 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of The Gabelli Utility Trust by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 138,593 shares of the investment management company’s stock valued at $804,000 after acquiring an additional 5,770 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in The Gabelli Utility Trust by 23.8% during the second quarter. J.W. Cole Advisors Inc. now owns 104,742 shares of the investment management company’s stock worth $608,000 after acquiring an additional 20,163 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in The Gabelli Utility Trust by 2.0% during the second quarter. Raymond James Financial Inc. now owns 103,729 shares of the investment management company’s stock valued at $602,000 after purchasing an additional 2,042 shares during the last quarter.

About The Gabelli Utility Trust

The Gabelli Utility Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It makes its investments in stocks of companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, telecommunications services, and infrastructure operations.