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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Friday, August 23rd,Wall Street Journal reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.05 per share by the investment management company on Thursday, November 21st. This represents a $0.60 dividend on an annualized basis and a yield of 11.81%. The ex-dividend date of this dividend is Thursday, November 14th.

The Gabelli Utility Trust Stock Performance

Shares of NYSE GUT opened at $5.08 on Wednesday. The business has a 50 day moving average price of $5.26 and a two-hundred day moving average price of $5.75. The Gabelli Utility Trust has a fifty-two week low of $4.97 and a fifty-two week high of $6.28.

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.