The Gabelli Utility Trust (NYSE:GUT) to Issue Dividend of $0.05

The Gabelli Utility Trust (NYSE:GUT) announced a dividend on Thursday, October 17th, investing.com reports. Stockholders of record on Friday, October 18th will be paid a dividend of 0.05 per share by the investment management company on Thursday, October 24th. This represents a dividend yield of 11.7%. The ex-dividend date of this dividend is Thursday, October 17th.

The Gabelli Utility Trust Stock Performance

Shares of NYSE GUT opened at $5.13 on Friday. The Gabelli Utility Trust has a fifty-two week low of $4.97 and a fifty-two week high of $6.30. The company’s 50 day simple moving average is $5.61 and its 200 day simple moving average is $5.80.

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.