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

The Gabelli Utility Trust (NYSE:GUT) announced a dividend on Tuesday, May 13th, investing.com reports. Investors of record on Friday, May 16th will be given a dividend of 0.05 per share by the investment management company on Thursday, May 22nd. This represents a dividend yield of 11.26%. The ex-dividend date of this dividend is Thursday, May 15th.

The Gabelli Utility Trust Trading Up 0.3%

Shares of NYSE:GUT traded up $0.02 during trading on Tuesday, reaching $5.35. 17,640 shares of the stock were exchanged, compared to its average volume of 227,817. The Gabelli Utility Trust has a 12 month low of $4.71 and a 12 month high of $6.25. The stock has a 50-day moving average price of $5.27 and a 200-day moving average price of $5.29.

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.