The Gabelli Utility Trust (NYSE:GUT – Get Free Report) declared a monthly dividend on Wednesday, May 13th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.05 per share by the investment management company on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Wednesday, September 16th.
The Gabelli Utility Trust Stock Down 0.6%
GUT opened at $6.27 on Friday. The stock’s 50 day moving average price is $6.08 and its 200-day moving average price is $6.06. The Gabelli Utility Trust has a one year low of $5.30 and a one year high of $6.32.
The Gabelli Utility Trust Company Profile
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.
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