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

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Wednesday, February 11th. Investors of record on Thursday, May 14th will be paid a dividend of 0.05 per share by the investment management company on Thursday, May 21st. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Thursday, May 14th.

The Gabelli Utility Trust Trading Up 0.2%

GUT stock opened at $6.11 on Thursday. The Gabelli Utility Trust has a 1-year low of $4.71 and a 1-year high of $6.20. The business’s 50-day moving average price is $6.05 and its two-hundred day moving average price is $6.02.

The Gabelli Utility Trust Company Profile

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.