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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.05 per share by the investment management company on Monday, September 23rd. This represents a $0.60 annualized dividend and a dividend yield of 9.97%. The ex-dividend date is Monday, September 16th.

The Gabelli Utility Trust Stock Down 0.2 %

NYSE GUT opened at $6.02 on Thursday. The Gabelli Utility Trust has a 1-year low of $4.60 and a 1-year high of $7.17. The business’s 50-day simple moving average is $5.65 and its 200-day simple moving average is $5.61.

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.