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

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.05 per share by the investment management company on Monday, March 24th. This represents a $0.60 annualized dividend and a yield of 11.13%. The ex-dividend date is Monday, March 17th.

The Gabelli Utility Trust Stock Up 1.9 %

Shares of GUT opened at $5.39 on Tuesday. The company has a 50 day moving average price of $5.19 and a 200-day moving average price of $5.73. 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.