The Gabelli Utility Trust (NYSE:GUT) Announces Monthly Dividend of $0.05

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Friday, May 16th, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.05 per share by the investment management company on Tuesday, September 23rd. This represents a $0.60 annualized dividend and a yield of 11.27%. The ex-dividend date of this dividend is Tuesday, September 16th.

The Gabelli Utility Trust Stock Down 1.4%

The Gabelli Utility Trust stock opened at $5.33 on Friday. The stock’s 50 day simple moving average is $5.28 and its two-hundred day simple moving average is $5.29. The Gabelli Utility Trust has a fifty-two week low of $4.71 and a fifty-two week high of $6.19.

The Gabelli Utility Trust Company Profile

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.