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

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Tuesday, May 21st, Wall Street Journal reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.05 per share by the investment management company on Friday, August 23rd. This represents a $0.60 annualized dividend and a dividend yield of 9.92%. The ex-dividend date of this dividend is Friday, August 16th.

The Gabelli Utility Trust Stock Performance

Shares of NYSE GUT traded up $0.02 during trading on Wednesday, hitting $6.05. The stock had a trading volume of 4,135 shares, compared to its average volume of 150,090. The Gabelli Utility Trust has a 12 month low of $4.60 and a 12 month high of $7.17. The firm has a fifty day moving average of $5.64 and a two-hundred day moving average of $5.60.

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.