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

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Wednesday, November 12th. Investors of record on Thursday, January 15th will be paid a dividend of 0.05 per share by the investment management company on Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Thursday, January 15th.

The Gabelli Utility Trust Stock Performance

Shares of The Gabelli Utility Trust stock traded down $0.10 on Thursday, hitting $6.07. 74,856 shares of the company traded hands, compared to its average volume of 214,775. The Gabelli Utility Trust has a 12-month low of $4.71 and a 12-month high of $6.20. The firm’s 50-day simple moving average is $6.01 and its 200 day simple moving average is $5.84.

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.