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

The Gabelli Utility Trust (NYSE:GUT) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.05 per share by the investment management company on Friday, August 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.93%. The ex-dividend date of this dividend is Friday, August 16th.

The Gabelli Utility Trust Price Performance

Shares of GUT stock traded up $0.01 on Wednesday, reaching $6.04. 14,800 shares of the company’s stock were exchanged, compared to its average volume of 150,090. The company’s fifty day simple moving average is $5.64 and its 200 day simple moving average is $5.60. The Gabelli Utility Trust has a 52 week low of $4.60 and a 52 week high of $7.17.

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.