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

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Friday, August 23rd, Wall Street Journal reports. Shareholders of record on Thursday, October 17th will be given a dividend of 0.05 per share by the investment management company on Thursday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 11.49%. The ex-dividend date is Thursday, October 17th.

The Gabelli Utility Trust Price Performance

Shares of GUT stock opened at $5.22 on Tuesday. The Gabelli Utility Trust has a 12-month low of $4.97 and a 12-month high of $6.30. The firm has a fifty day moving average of $5.66 and a 200-day moving average 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.