The Gabelli Utility Trust (NYSE:GUT – Get Free Report) announced a monthly dividend on Wednesday, November 11th. Investors of record on Wednesday, March 17th will be given a dividend of $0.05 per share by the investment management company on Wednesday, March 24th. This represents a $0.60 annualized dividend and a yield of 11.2%. The ex-dividend date is Wednesday, March 17th.
The Gabelli Utility Trust Stock Performance
Shares of The Gabelli Utility Trust stock opened at $5.33 on Thursday. The company’s 50 day moving average price is $5.79 and its two-hundred day moving average price is $6.14. The Gabelli Utility Trust has a fifty-two week low of $5.03 and a fifty-two week high of $7.07.
About The Gabelli Utility Trust
The Gabelli Utility Trust (NYSE: GUT) is a diversified closed-end management investment company that seeks to provide investors with a high level of current income and long-term capital appreciation. The trust invests primarily in equity securities of companies involved in the production, transmission, distribution and sale of electricity, gas and other utility services. Its investment focus may also include businesses in related industries, such as telecommunications, cable, energy and infrastructure.
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