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

The Gabelli Utility Trust (NYSE:GUT) announced a dividend on Wednesday, January 15th,investing.com reports. Stockholders of record on Friday, January 17th will be paid a dividend of 0.05 per share by the investment management company on Friday, January 24th. This represents a dividend yield of 11.03%. The ex-dividend date of this dividend is Thursday, January 16th.

The Gabelli Utility Trust Trading Up 1.5 %

The Gabelli Utility Trust stock opened at $5.43 on Thursday. The stock has a 50-day simple moving average of $5.24 and a 200 day simple moving average of $5.52. The Gabelli Utility Trust has a 52 week low of $4.97 and a 52 week high of $6.25.

About The Gabelli Utility Trust

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.