The Gabelli Utility Trust (GUT) to Issue Monthly Dividend of $0.05 on December 20th

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Thursday, August 29th, Wall Street Journal reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.05 per share by the investment management company on Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 9.97%. The ex-dividend date is Friday, December 13th.

The Gabelli Utility Trust Price Performance

GUT opened at $6.02 on Friday. The Gabelli Utility Trust has a 52-week low of $4.60 and a 52-week high of $6.89. The business’s fifty day moving average is $6.05 and its 200-day moving average is $5.82.

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.