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

The Gabelli Utility Trust (NYSE:GUT) announced a dividend on Wednesday, October 16th, investing.com reports. Investors of record on Friday, October 18th will be given a dividend of 0.05 per share by the investment management company on Thursday, October 24th. This represents a yield of 11.54%. The ex-dividend date is Thursday, October 17th.

The Gabelli Utility Trust Price Performance

Shares of The Gabelli Utility Trust stock traded up $0.09 on Wednesday, hitting $5.21. The company’s stock had a trading volume of 342,707 shares, compared to its average volume of 186,508. The Gabelli Utility Trust has a 1 year low of $4.97 and a 1 year high of $6.30. The firm has a fifty day moving average price of $5.64 and a 200-day moving average price of $5.81.

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.