The Gabelli Utility Trust (GUT) to Issue Monthly Dividend of $0.05 on March 24th

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Monday, November 18th, Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.05 per share by the investment management company on Monday, March 24th. This represents a $0.60 annualized dividend and a yield of 11.35%. The ex-dividend date of this dividend is Monday, March 17th.

The Gabelli Utility Trust Price Performance

GUT stock opened at $5.29 on Friday. The Gabelli Utility Trust has a one year low of $4.97 and a one year high of $6.25. The firm has a 50 day simple moving average of $5.39 and a two-hundred day simple moving average of $5.33.

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.