Press coverage about Gabelli Utility Trust (NYSE:GUT) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gabelli Utility Trust earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 47.1911421818917 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Gabelli Utility Trust (GUT) traded down 0.14% on Friday, hitting $6.99. The stock had a trading volume of 95,237 shares. The company’s 50 day moving average price is $7.03 and its 200 day moving average price is $6.86. Gabelli Utility Trust has a 52-week low of $6.05 and a 52-week high of $7.17.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.58%. The ex-dividend date of this dividend is Monday, October 16th.
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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