The Gabelli Utility Trust (NYSE:GUT – Get Free Report) declared a monthly dividend on Wednesday, August 12th. Shareholders of record on Friday, November 13th will be paid a dividend of 0.05 per share by the investment management company on Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Friday, November 13th.
The Gabelli Utility Trust Price Performance
GUT stock opened at $6.50 on Thursday. The Gabelli Utility Trust has a 1 year low of $5.42 and a 1 year high of $7.07. The firm has a 50-day moving average of $6.48 and a 200 day moving average of $6.23.
The Gabelli Utility Trust Company Profile
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.
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