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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Tuesday, August 27th, Wall Street Journal reports. Investors of record on Thursday, October 17th will be given a dividend of 0.05 per share by the investment management company on Thursday, October 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.92%. The ex-dividend date is Thursday, October 17th.

The Gabelli Utility Trust Trading Up 0.8 %

Shares of GUT traded up $0.05 on Wednesday, reaching $6.05. 84,680 shares of the company’s stock were exchanged, compared to its average volume of 147,079. The business has a 50 day moving average price of $6.05 and a two-hundred day moving average price of $5.81. The Gabelli Utility Trust has a 12 month low of $4.60 and a 12 month high of $6.89.

The Gabelli Utility Trust Company Profile

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.