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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, February 11th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.05 per share by the investment management company on Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Monday, June 15th.

The Gabelli Utility Trust Trading Up 0.2%

Shares of The Gabelli Utility Trust stock opened at $6.11 on Thursday. The firm’s 50-day simple moving average is $6.05 and its 200-day simple moving average is $6.02. The Gabelli Utility Trust has a twelve month low of $4.71 and a twelve month high of $6.20.

Hedge Funds Weigh In On The Gabelli Utility Trust

A number of hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of The Gabelli Utility Trust during the 2nd quarter worth approximately $60,000. Moloney Securities Asset Management LLC acquired a new position in The Gabelli Utility Trust during the second quarter worth $60,000. Ameriprise Financial Inc. bought a new position in shares of The Gabelli Utility Trust during the third quarter valued at $70,000. Composition Wealth LLC acquired a new stake in shares of The Gabelli Utility Trust in the 4th quarter valued at $72,000. Finally, PFG Investments LLC grew its stake in The Gabelli Utility Trust by 19.5% during the third quarter. PFG Investments LLC now owns 12,412 shares of the investment management company’s stock worth $75,000 after buying an additional 2,027 shares during 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.