The Gabelli Utility Trust (GUT) to Issue Monthly Dividend of $0.05 on January 23rd

The Gabelli Utility Trust (NYSE:GUT) announced a monthly dividend on Wednesday, November 12th. Stockholders of record on Thursday, January 15th will be given a dividend of 0.05 per share by the investment management company on Friday, January 23rd. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Thursday, January 15th.

The Gabelli Utility Trust Stock Up 0.7%

Shares of The Gabelli Utility Trust stock opened at $6.15 on Tuesday. The stock’s fifty day moving average is $6.04 and its 200 day moving average is $6.01. The Gabelli Utility Trust has a one year low of $4.71 and a one year high of $6.20.

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.