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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, August 28th, Wall Street Journal reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.05 per share by the investment management company on Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.92%. The ex-dividend date is Friday, December 13th.

The Gabelli Utility Trust Trading Up 0.2 %

Shares of NYSE:GUT traded up $0.01 during trading on Thursday, hitting $6.05. The stock had a trading volume of 48,688 shares, compared to its average volume of 147,823. The Gabelli Utility Trust has a 12-month low of $4.60 and a 12-month high of $6.89. The stock has a 50-day simple moving average of $6.05 and a two-hundred day simple moving average of $5.81.

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.