The Gabelli Utility Trust (NYSE:GUT) Declares $0.05 Dividend

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 given a dividend of 0.05 per share by the investment management company on Friday, January 24th. This represents a dividend yield of 11.21%. The ex-dividend date is Thursday, January 16th.

The Gabelli Utility Trust Stock Performance

Shares of The Gabelli Utility Trust stock opened at $5.35 on Wednesday. The Gabelli Utility Trust has a 1 year low of $4.97 and a 1 year high of $6.25. The firm’s 50-day simple moving average is $5.24 and its 200-day simple moving average is $5.52.

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.