The Gabelli Utility Trust (GUT) to Issue Monthly Dividend of $0.05 on April 23rd

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Wednesday, February 11th. Shareholders of record on Thursday, April 16th will be given a dividend of 0.05 per share by the investment management company on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Thursday, April 16th.

The Gabelli Utility Trust Trading Down 0.7%

GUT stock opened at $6.05 on Friday. The Gabelli Utility Trust has a 1-year low of $4.71 and a 1-year high of $6.20. The business’s 50 day moving average is $6.05 and its 200-day moving average is $6.02.

Institutional Trading of The Gabelli Utility Trust

A number of large investors have recently bought and sold shares of the stock. Integrity Advisory Solutions LLC lifted its holdings in shares of The Gabelli Utility Trust by 12.8% during the fourth quarter. Integrity Advisory Solutions LLC now owns 14,911 shares of the investment management company’s stock valued at $90,000 after acquiring an additional 1,689 shares during the period. Good Life Advisors LLC increased its position in shares of The Gabelli Utility Trust by 9.9% during the 2nd quarter. Good Life Advisors LLC now owns 20,983 shares of the investment management company’s stock worth $122,000 after purchasing an additional 1,886 shares in the last quarter. PFG Investments LLC increased its position in shares of The Gabelli Utility Trust by 19.5% during the 3rd quarter. PFG Investments LLC now owns 12,412 shares of the investment management company’s stock worth $75,000 after purchasing an additional 2,027 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in The Gabelli Utility Trust by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 103,729 shares of the investment management company’s stock valued at $602,000 after purchasing an additional 2,042 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in The Gabelli Utility Trust by 15.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 17,751 shares of the investment management company’s stock valued at $107,000 after buying an additional 2,429 shares in the last quarter.

About The Gabelli Utility Trust

The Gabelli Utility Trust (NYSE:GUT) is a closed-end management investment company that focuses on equity investments in the utilities sector. Established in 1989, the trust seeks to provide shareholders with a combination of monthly income and long-term capital appreciation by investing primarily in the common stocks of companies that own or operate regulated utility assets.

The trust’s portfolio typically includes holdings in electric, natural gas, water and pipeline transportation companies, with an emphasis on businesses that generate stable cash flows through regulated rate structures.