Gabelli Utility Trust (GUT) Declares Monthly Dividend of $0.05
Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Monday, November 20th, Wall Street Journal reports. Investors of record on Wednesday, January 17th will be paid a dividend of 0.05 per share by the investment management company on Wednesday, January 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date of this dividend is Tuesday, January 16th.
Gabelli Utility Trust has decreased its dividend by an average of 9.1% per year over the last three years.
Gabelli Utility Trust (NYSE:GUT) opened at $7.13 on Thursday. Gabelli Utility Trust has a 52 week low of $6.36 and a 52 week high of $7.20.
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Gabelli Utility Trust Company Profile
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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