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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, February 19th,Wall Street Journal reports. Investors of record on Friday, June 13th will be given a dividend of 0.05 per share by the investment management company on Monday, June 23rd. This represents a $0.60 annualized dividend and a yield of 11.12%. The ex-dividend date is Friday, June 13th.

The Gabelli Utility Trust Trading Up 0.7 %

Shares of NYSE:GUT opened at $5.40 on Thursday. The company has a 50 day moving average of $5.34 and a 200-day moving average of $5.41. The Gabelli Utility Trust has a one year low of $4.97 and a one year 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.