Gabelli Utility Trust (GUT) to Issue Monthly Dividend of $0.05 on November 22nd
Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Monday, August 28th, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.05 per share by the investment management company on Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date is Tuesday, November 14th.
Gabelli Utility Trust (NYSE GUT) opened at $7.05 on Monday. Gabelli Utility Trust has a twelve month low of $6.05 and a twelve month high of $7.20.
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About Gabelli Utility Trust
The Gabelli Utility Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s primary objective is long term growth of capital and income. The Fund will invest 80% of its assets in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas and water, and telecommunications services or infrastructure operations (the 80% Policy).
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