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

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Friday, November 15th,Wall Street Journal reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.05 per share by the investment management company on Friday, February 21st. This represents a $0.60 annualized dividend and a dividend yield of 11.34%. The ex-dividend date of this dividend is Thursday, February 13th.

The Gabelli Utility Trust Trading Up 2.3 %

GUT traded up $0.12 during trading on Friday, reaching $5.29. The company’s stock had a trading volume of 294,505 shares, compared to its average volume of 200,219. The firm has a fifty day simple moving average of $5.20 and a two-hundred day simple moving average of $5.74. The Gabelli Utility Trust has a 1 year low of $4.97 and a 1 year high of $6.28.

The Gabelli Utility Trust Company Profile

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.