Gabelli Utility Trust (GUT) Declares Monthly Dividend of $0.05
Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Monday, August 28th, Wall Street Journal reports. Stockholders of record on Tuesday, October 17th will be given a dividend of 0.05 per share by the investment management company on Tuesday, October 24th. This represents a $0.60 annualized dividend and a dividend yield of 8.52%. The ex-dividend date is Monday, October 16th.
Gabelli Utility Trust (GUT) traded up 0.28% during midday trading on Monday, hitting $7.04. 93,631 shares of the stock traded hands. The company’s 50-day moving average is $7.02 and its 200-day moving average is $6.83. Gabelli Utility Trust has a one year low of $6.05 and a one year high of $7.17.
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About Gabelli Utility Trust
The Gabelli Utility Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s primary objective is long term growth of capital and income. The Fund will invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas and water, and telecommunications services or infrastructure operations (the 80% Policy).
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