The Gabelli Utility Trust (NYSE:GUT – Get Free Report) announced a monthly dividend on Wednesday, August 12th. Stockholders of record on Friday, November 13th will be given a dividend of 0.05 per share by the investment management company on Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Friday, November 13th.
The Gabelli Utility Trust Stock Down 0.8%
The Gabelli Utility Trust stock opened at $6.46 on Friday. The Gabelli Utility Trust has a fifty-two week low of $5.42 and a fifty-two week high of $7.07. The company has a 50 day moving average price of $6.48 and a 200-day moving average price of $6.24.
About The Gabelli Utility Trust
The Gabelli Utility Trust (NYSE:GUT) is a closed-end management investment company that focuses on equity investments in the utilities sector. Established in 1989, the trust seeks to provide shareholders with a combination of monthly income and long-term capital appreciation by investing primarily in the common stocks of companies that own or operate regulated utility assets.
The trust’s portfolio typically includes holdings in electric, natural gas, water and pipeline transportation companies, with an emphasis on businesses that generate stable cash flows through regulated rate structures.
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