Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Thursday, August 18th. Investors of record on Thursday, October 13th will be paid a dividend of 0.05 per share by the investment management company on Monday, October 24th. This represents a $0.60 annualized dividend and a dividend yield of 8.92%. The ex-dividend date of this dividend is Tuesday, October 11th.
Shares of Gabelli Utility Trust (NYSE:GUT) opened at 6.73 on Thursday. Gabelli Utility Trust has a one year low of $5.43 and a one year high of $7.04. The company has a 50 day moving average price of $6.69 and a 200 day moving average price of $6.55.
About Gabelli Utility Trust
The Gabelli Utility Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s primary objective is long term growth of capital and income. The Fund invests approximately 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services or equipment for the generation or distribution of electricity, gas, and water, and telecommunications services or infrastructure operations (approximately 80% Policy), may be changed without shareholder approval.
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